Property Description

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.

Features
: Wall Furnace
: Refrigerator, Free-standing Range
: Tile, Other, Hardwood Flrs Throughout
: Community Facility
: Regular
: Carports - 2 Or More
: Other
Address Map
CA
Alameda
Berkeley
94703
1612 Parker St
0
W123° 43' 20.1''
N37° 51' 38.1''
California to Parker
MLS Addon
Red Oak Realty
Negar Souza
negar@redoakrealty.com
: Stucco
R01701667
R00811861
OBBREDO
: Other
: Public

Commercial Sale For Sale

1612 Parker St, Berkeley, California 94703

9,205 Sqft
$2,875,000
Listing ID #41082213
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 41082213
Price : $2,875,000
Square Footage : 9,205 Sqft
Year Built : 1964
Lot Area : 9,163 Sqft
Status : Active
Property SubType : 5 Or More Units
Agent info
Michael Roberts
Contact Agent