Property Details
About this Property
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.
MLS Listing Information
MLS #
EB41071400
MLS Source
Bridge MLS
Days on Site
80
Interior Features
Flooring
Hardwood, Other, Tile
Laundry
Community Facility
Cooling
None
Heating
Wall Furnace
Exterior Features
Roof
Other
Parking, School, and Other Information
Sewer
Public Sewer
Water
Public
Contact Information
Listing Agent
Negar Souza
Red Oak Realty
License #: 01701667
Phone: (510) 543-7016
Co-Listing Agent
Feri Niroomand
License #: 00811861
Phone: (510) 409-9111
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1612 Parker St is a Residential Income in Berkeley, CA 94703. This 9,205 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,875,000 and was built in 1964. This address can also be written as 1612 Parker St, Berkeley, CA 94703.
©2024 Bridge MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bridge MLS.
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This listing information is up-to-date as of September 25, 2024. For the most current information, please contact Negar Souza, (510) 543-7016
