$2,875,000
1612 Parker St Berkeley, CA 94703
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Listed by Negar Souza • Red Oak Realty
$2,875,000
Est. payment /mo
9,205 SqFt
UPDATED:
09/26/2024 12:10 AM
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,205 sqft
Price per Sqft $312
MLS Listing ID 41071400
HOA Y/N No
Originating Board Bridge AOR
Year Built 1964
Lot Size 9,163 Sqft
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.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Flooring Hardwood Flrs Throughout, Tile, Other
Fireplace No
Appliance Free-Standing Range, Refrigerator
Laundry Community Facility
Exterior
Parking Type Carports - 2 Or More
Building
Lot Description Regular
Water Public
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