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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