1612 Parker St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$2,750,000 USD
510-543-7016
1612 Parker St, Berkeley, CA for Sale
$2,750,000 USD
Apartments - FOR SALE
1/16
null | 7.92% Cap Rate

1612 Parker St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • Fantastic Berkeley Location near UCB
  • Pride of Ownership
  • Huge upside potential
  • 5 reserved covered parking spaces
  • Community on-site laundry
  • Spacious units

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$350 USD /SF

# OF UNITS

8

PRICE/UNIT

$343,750

CAP RATE

7.92%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R-2, Berkeley

APN/PARCEL ID

054-1804-019-00

ASK ABOUT THIS PROPERTY

Negar SouzaRed Oak RealtyMore Info
510-543-7016

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Negar SouzaRed Oak RealtyMore Info
510-543-7016

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