1612 Parker St, Berkeley, CA 94703

$2,500,000

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Listed by Negar Souza, (510) 543-7016 from Red Oak Realty
(If provided) CoList: Feri Niroomand from Red Oak Realty

List Price
$2,500,000
MLS#
EB41142904
Status
ACTIVE
Lot Size
9,163
Listing Area
Berkeley Map Area 8
Year Built
1964

Property Description

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.

Additional Information

Acres
0.21
Amenities
Storage Area(s)
Cooling System
None
Exterior Features
Stucco
Floor Covering
Other, Tile, Hardwood
Heating System
Wall Furnace
Laundry Facilities
Community Facility
Lot Description
Regular
Lot Size
9,163
Neighborhood
Berkeley Map Area 8
Numberof Units
8
Roof
Other
Unincorporated Yn
Yes

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Calculator source: Real Geeks

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Based on information from MLSListings MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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