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1906 Bonita Ave, Berkeley, California 94704, Berkeley, - bed, bath

home-pic
ACTIVE$2,499,999
1906 Bonita Ave, Berkeley, California 94704
15Beds
7Baths
3,750Sqft
6,732Lot
Year Built
1906
Close
-
List price
$2.5M
Original List price
$2.8M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41108768
Home ConditionFair
Features
Deck
View-

About this home

Vacant property at COE! This exceptional Berkeley Students Housing seamlessly blends historic charm with lucrative investment potential, offering a unique opportunity for both investors and owner-occupants in a prime location just minutes from UC Berkeley campus and the Downtown Berkeley. The expansive lot features two classic brown shingle buildings: a rear single family home featuring 4b2b, a front quadplex with one 4b2b, one 3b1b, two 2b1b units, fully leased with impressive $21,000 per month, with the added potential to build an ADU for even greater returns. Surrounded by mature trees, fruit trees, and vibrant greenery, the property exudes a peaceful ambiance while being steps away from the Gourmet Ghetto’s dining scene, local supermarkets, parks, and coffee shops, making it an ideal choice for those seeking a high-demand rental near Cal Berkeley or a charming home with substantial income opportunities in one of Berkeley’s most coveted neighborhoods,Buyer to verify Cap rate,GRM at their own satisfaction.

Nearby schools

7/10
Washington Elementary School
Public,•K-5•0.4mi
5/10
Oxford Elementary School
Public,•K-5•1.0mi
6/10
Leconte Elementary School
Public,•K-5•1.2mi
7/10
Emerson Elementary School
Public,•K-5•1.4mi
6/10
Malcolm X Elementary School
Public,•K-5•1.4mi
7/10
Cragmont Elementary School
Public,•K-5•1.4mi
6/10
John Muir Elementary School
Public,•K-5•1.8mi
8/10
Willard Middle School
Public,•6-8•1.2mi
8/10
Berkeley High School
Public,•9-12•0.3mi

Price History

Date
Event
Price
09/26/25
Price Change
$2,499,999
08/20/25
Listing
$2,799,999
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (9 Listings)
Beds154
80%
Baths73
80%
Square foot3,7502,096
90%
Lot Size6,7323,396
80%
Price$2.5M$1.27M
80%
Price per square foot$667$702.5
50%
Built year19069540956
40%
HOA
Days on market77158
20%
Condition Rating
Fair
Built in 1906, this property is over a century old. While the exterior images show a classic, well-maintained appearance for its age, there are no interior photos provided, nor any mention of recent renovations in the description. This strongly suggests that the kitchens, bathrooms, appliances, and other interior systems are significantly outdated and likely require substantial updates to meet modern standards and aesthetics. However, the property is fully leased and generating significant income, indicating it is functional and habitable, preventing a 'Poor' or 'Tear-down' rating. It falls into the 'Fair' category as it is aged but likely maintained for functionality, though major components show signs of being outdated and would require minor to moderate updates or repairs.
Pros & Cons

Pros

Prime Location & Proximity to UC Berkeley: The property boasts a prime location just minutes from UC Berkeley campus and Downtown Berkeley, offering steps-away access to the Gourmet Ghetto’s dining scene, local supermarkets, parks, and coffee shops, making it highly desirable for student housing and urban living.
High Income Potential & Historical Cash Flow: Described as having 'lucrative investment potential' and 'substantial income opportunities,' the property historically generated an impressive $21,000 per month, indicating strong earning capacity in a high-demand rental market.
Versatile Multi-Unit Configuration: The expansive lot features two classic brown shingle buildings, including a rear single-family home (4b2b) and a front quadplex (one 4b2b, one 3b1b, two 2b1b units), providing diverse rental options and a high total bed/bath count (15 beds, 7 baths).
ADU Development Potential: The property offers the 'added potential to build an ADU for even greater returns,' presenting a clear opportunity for future income growth and increased property value.
Historic Charm & Appealing Ambiance: Seamlessly blending 'historic charm' with 'classic brown shingle buildings,' the property is surrounded by mature trees, fruit trees, and vibrant greenery, exuding a peaceful and attractive ambiance.

Cons

Age of Property & Potential for Extensive Upgrades: Built in 1906, the property's age suggests a high likelihood of requiring significant investment in updating essential systems (e.g., electrical, plumbing, HVAC) and general maintenance to meet modern standards or tenant expectations.
Requirement for Re-tenanting: The property will be 'Vacant at COE!' which means the new owner will need to undertake the effort of finding and securing new tenants for all units, potentially leading to a period of lost income and significant management effort post-acquisition.
High Initial Capital Outlay: With a list price of nearly $2.5 million, the property demands a substantial upfront financial commitment, which may narrow the pool of potential buyers and require significant capital resources.

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