PRIME INVESTMENT OPPORTUNITY: FULLY ENTITLED PROPERTIES FOR DEVELOPMENT! These duplexes, located at 1818 Milvia St and 1822 Milvia St adjacent to Ohlone Park, present a unique and lucrative investment opportunity. With two separate parcels, each fully entitled for development, this sale appeals to a broad spectrum of potential buyers, including investors, developers, and multi-generational families. Property Highlights: Flexible Sale Options: Each property is available for individual purchase, or both can be acquired together. Ideal for Multiple Uses: Whether for investment, development, or family living, these properties offer versatile opportunities. Reconfiguration: Expansion: Lift the existing two-story duplex to add a third story below.The ground floor will feature 2BR, 2BA, and a 1-car garage. The two-story second unit above will feature 6BR, 3BA, and a covered balcony. Demolish the non-conforming garage. The new project will be 3,400SqFt. Investment Potential: High Demand Location: Close proximity to UC Berkeley, Downtown Berkeley, schools, restaurants, cafes, and essential services makes this a highly desirable area. The local real estate market presents substantial appreciation potential. Ideal for rental properties, multi-family living, or resale.
Property Details
Price:
$1,200,000
MLS #:
41068216
Status:
Pending
Beds:
6
Baths:
4
Address:
1818 MILVIA ST
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
N BERKELEY
City:
Berkeley
Listed Date:
Jul 31, 2024
State:
CA
Finished Sq Ft:
2,391
ZIP:
94704
Lot Size:
2,828 sqft / 0.06 acres (approx)
Year Built:
1904
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Schools
Interior
Cooling
None
Flooring
Tile, Carpet, See Remarks
Heating
See Remarks
Exterior
Garage Spaces
1.00
Parking Features
Garage
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer, Other
Water Source
Other
Financial
Map
Community
- Address1818 MILVIA ST Berkeley CA
- SubdivisionN BERKELEY
- CityBerkeley
- CountyAlameda
- Zip Code94704
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1818 MILVIA ST
Berkeley, CA
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