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1612 Parker St
Berkeley, CA 94703
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Fantastic Berkeley Location near UCB
- Huge upside potential
- Community on-site laundry
- Pride of Ownership
- 5 reserved covered parking spaces
- Spacious units
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price Per Unit | $359,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 7.58% | Building Size | 7,866 SF |
| No. Units | 8 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Parking Ratio | 0.64/1,000 SF |
| Zoning | R-2, Berkeley - Residential Development | ||
| Price Per Unit | $359,375 |
| Sale Type | Investment |
| Cap Rate | 7.58% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 7,866 SF |
| Average Occupancy | 88% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.64/1,000 SF |
| Zoning | R-2, Berkeley - Residential Development |
AMENITIES
UNIT AMENITIES
- Hardwood Floors
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 8 | - | 980 |
PROPERTY TAXES
| Parcel Number | 054-1804-019-00 | Improvements Assessment | $603,897 |
| Land Assessment | $235,143 | Total Assessment | $839,040 |
PROPERTY TAXES
Parcel Number
054-1804-019-00
Land Assessment
$235,143
Improvements Assessment
$603,897
Total Assessment
$839,040
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