Active

1612 Parker St

Berkeley CA, 94703

$2,875,000


$312.33 per sqft

Active

9,205 sqft

Multi-family

Built in 1964

Discover a rare chance to own a stunning 8-unit building in one of Berkeley's most desirable neighborhoods! This well-maintained property exudes pride of ownership and is set on a generous lot that features five reserved parking spots and a convenient community laundry area. Each of the 8 units offers spacious 2-bedroom, 1-bathroom layouts, perfect for a variety of tenants. Several units have been tastefully updated, adding modern touches while retaining their classic charm. Additionally, the property includes a non-conforming manager's unit, providing extra flexibility for onsite management or additional rental income*. Some units also have additional storage and balconies. This is not just an investment; it's an opportunity to be a part of the rich tapestry of Berkeley, a city known for its eclectic mix of cultures, progressive spirit, and unparalleled intellectual vibrancy. Don't miss your chance to own a fabulous building in this iconic city--opportunities like this are truly one-of-a-kind! Cap Rate of 6% - Huge upside potential. *Neither seller nor listing agent has investigated or verified the accuracy of any of these sources of information. Buyer must conduct their own investigation with the city and appropriate boards and rely solely on that investigation.

41071400

MLS ID

August 30, 2024

Listed

October 10, 2024

Updated

Map

1612 Parker St
Berkeley CA, 94703

Interior Features

Interior Features

Other, Storage


Appliances

Free-Standing Range, Refrigerator


Laundry Description

Community Facility


Floor Description

Hardwood Flrs Throughout, Other, Tile


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Furnace

Exterior/Building Features

Lot Size

0.21 Acres


Lot Features

Regular


Sewer

Public Sewer

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Carports - 2 Or More


View

No


County

Alameda


Water Source

Public


Pool

No

Listed by Negar Souza with Red Oak Realty
Listing Contact: 510-543-7016 

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