1610 Milvia St - Apartments FOR SALE


Berkeley, CA 94709- North Berkeley
$4,850,000 USD
707-363-2463
1610 Milvia St, Berkeley, CA for Sale
$4,850,000 USD
Apartments - FOR SALE
1/20
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.
  • E?cient 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 off- street 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

$4,850,000 USD

PRICE/SF

$717 USD /SF

# OF UNITS

8

PRICE/UNIT

$606,250

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8 Units | 100% VACANT | Gourmet Ghetto

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,780 SF

ZONING

R2A, Berkeley

APN/PARCEL ID

058-2172-004-00

ASK ABOUT THIS PROPERTY

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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

Timothy WarrenNAI Northern CaliforniaMore Info
707-363-2463

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