Restricted Address BERKELEY, CA 94702

Features

• Price/sqft : View Details
• Lot Size : View Details
• Total Units : View Details
• Total Rooms : View Details
• Room List : View Details
• Stories : View Details
• Construction Type : View Details

Facts

• Year Built : View Details
• Property ID : View Details
• MLS Number : View Details
• Parcel Number : View Details
• Property Type : View Details
• County : View Details
• Legal Description : View Details

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Rare development opportunity on prime Westbrae lot, with easy access to North Berkeley BART, Monterey Market, Whole Foods, Westbrae Biergarten, Berkeley Horticultural Nursery, Acme Bakery, GIOIA pizzeria, coffeehouses, bike stores, bagel stores, community gardens, sports courts, parks and much more: it's the ultimate bay area lifestyle location! Potential owner financing at attractive below-market rates for qualified parties during redevelopment period. Valuable 13kw solar permit with grandfathered NEM 2 PGE rates for 20 years after install! (System cost will be $64k, $45k after tax credits - energy savings are estimated to cover entire system cost within 6-7 years, then offset most energy costs for an additional 13 years. Installation must occur before 4/2026) Home is a legal duplex, currently consisting of two mirror-image 1/br/1ba units, attached back-to-back, suited to be reimagined for owner occupancy. Two free-standing 10x18 garages provide additional options for flexible use. Property is gutted and presents many rewarding possible paths for reconfiguration and/or expansion, or division into two very private, partner-perfect homes. Nearby rebuilt home sales have touched $3MM this year. This property is subject to rental restrictions per Berkeley municipal code.