1607 Milvia St
Berkeley, CA 94709
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Location! Location! Location! Conveniently Located Near Shattuck Ave and UC Berkeley!
- Additional Rental Income Possible Through Rent Increases, Parking and Laundry Services!
Property Facts
| No. Units | 7 | Lot Size | 0.14 AC |
| Property Type | Multifamily | Building Size | 5,792 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Zoning | R-2A - Restrict Multiple Family Residential | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,792 SF |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-2A - Restrict Multiple Family Residential |
About 1607 MILVIA ST , BERKELEY, CA 94709
Investors Dream! Location!! Upside Too!!! This mid century 7-unit building has 7 carports and boasts FIVE vacant! All four of the 3-bedroom units plus the studio unit are vacant and can fetch top rents. Just 1.5 blocks to UC Berkeley North Campus entrance. Rent to your investor's heart's desire! The 2 tenant occupied units have tremendous rental upside due to in place long term tenants. The units are spacious and floorplans are functional. Seismic work is complete. Further upside can be realized from renting carports separately, installing on-site laundry and unit upgrades. Or rent out as is for immediate income! Proforma GRM will be a mere 13.0X and CAP at 5.54%. And still, there is more upside potential from future turnovers and building improvements. Incredible North Campus location, a block and a half to North Campus entrance and 2 BART stations. Minutes to Alta Bates, cafes and all campus life conveniences. Hurry! Please contact Louis Woo at 415-335-1588 for showings and more information. Seller reserves the right to accept, counter or decline any and all offers.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 4 | - | - |
Property Taxes
| Parcel Number | 058-2173-017-00 | Improvements Assessment | $1,163,398 |
| Land Assessment | $615,021 | Total Assessment | $1,778,419 |
Property Taxes
