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.
Property Details
Price:
$2,875,000
MLS #:
41071400
Status:
Active
Baths:
0
Address:
1612 Parker St
Type:
Residential Income
City:
Berkeley
Listed Date:
Aug 29, 2024
State:
CA
ZIP:
94703
Lot Size:
9,163 sqft / 0.21 acres (approx)
Year Built:
1964
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
5.00
Financial
Association Fee
0.00
Map
Community
- Address1612 Parker St Berkeley CA
- CityBerkeley
- CountyAlameda
- Zip Code94703
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Courtesy of Red Oak Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1612 Parker St
Berkeley, CA
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