1610 Milvia St - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$5,250,000 USD
707-363-2463
1610 Milvia St, Berkeley, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/30
null | Request Cap Rate

1610 Milvia St
Berkeley, CA 94709
North Berkeley


HIGHLIGHTS

  • Fully Renovated & Turnkey – All eight units completely remodeled with modern finishes; recent upgrades include seismic retrofit, new exterior paint, r
  • Desirable Unit Mix – Four (4) two-bedroom/one-bath units and four (4) one-bedroom/one-bath units
  • Delivered 100% Vacant – Provides maximum flexibility for lease-up strategy or repositioning.
  • Efficient Operations – Each unit is individually metered for electricity, gas, and water, minimizing operating expenses.
  • On-Site Amenities – Eight off-street parking spaces, eight private storage closets, and a coin-operated laundry facility.
  • Premier Location – Two blocks from Shattuck Avenue and UC Berkeley; steps from dining, shopping, and Downtown Berkeley BART; 98 Walk Score® (“Walker’s

OVERVIEW

The Mitchell Warren Team is pleased to present 1610 Milvia Street, a newly renovated 8-unit apartment building located just two blocks from Shattuck Avenue in Berkeley’s Gourmet Ghetto. The property offers a unit mix of four (4) 2-bedroom/1 bath units and four (4) 1- bedroom/1-bath units, each fully remodeled with modern finishes. Recent upgrades include a seismic retrofit, new exterior paint, refreshed landscaping, upgraded electrical systems, and more. Delivered 100% vacant, the property provides maximum flexibility for the next owner. Each unit is separately metered for electricity, gas, and WATER, reducing operating expenses. Amenities include eight offstreet parking spaces, eight private storage closets, and an on-site coin-operated laundry facility. This is a rare opportunity to acquire a fully renovated, vacant multifamily asset in a premier Berkeley location. 1610 Milvia Street is ideally located less than two blocks from Shattuck Avenue in Berkeley's Gourmet Ghetto neighborhood. Residents benefit from a range of restaurant choices including Cheeseboard, the Michelin Guide restaurant Chez Panisse, as well as a variety of other restaurants and shopping options. Students will enjoy the close proximity to the UC Berkeley campus just a short walk away. Commuters will appreciate the close proximity of city bus lines and the Downtown Berkeley BART Station allowing access to the entire Bay Area. The property features a 98 Walk Score and is considered a “Walker’s Paradise” by walkscore.com.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$778 USD /SF

# OF UNITS

8

PRICE/UNIT

$656,250

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Completely Remodeled and VACANT!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,752 SF

ZONING

R2A, Berkeley

APN/PARCEL ID

058-2172-004-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.