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2909 King St, Berkeley, CA 94703


               
2009 Aug 25, 3:24pm   6,822 views  12 comments

by bdrasin   follow (0)  

This seems like a really low price for what it is:http://www.redfin.com/CA/Berkeley/2909-King-St-94703/home/657545A duplex with 2 3/1 units and an extra 2/1 on the same property for $525k.  2 bedroom units in this neighborhood rent for 2k no problem (2 blocks from Ashby Bart).   Even assuming only 60k rental income thats well over 10% of the purchase price.   I ride by the house on my bike often and there is nothing obviously wrong with it...I wonder why so cheap?   It sound like a can't lose proposition at the price.

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11   JHHHousing   @   2009 Oct 13, 12:42am  

It’s my dad's property that he owned with too many family members. He is ill and needs 24 hr care so the property is being sold with the assisance of the court system. The homes were respectably built with care. At one time the back unit housed UCB students so its excellent rental property. Go by and see it and plz bid high :)! As you know, healthcare costs are skyrocketing

12   Patrick   @   2009 Oct 13, 1:28am  

I'm sorry your dad is ill. Such things will happen to all of us, and that gives a lot of needed perspective.

I'm really glad that there's at least a glimmer of dialogue between potential buyers and sellers here though. It's great that there's no realtor in the way, filtering your remarks.

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