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1615 Parker St
Berkeley, CA 94703
Priced Reduced - 5.04% Current Cap Rate! · Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 3,768 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1961 |
| Building Class | C | Parking Ratio | 1.32/1,000 SF |
| Zoning | R-2 - Restricted Two-Family Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,768 SF |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R-2 - Restricted Two-Family Residential |
ABOUT 1615 PARKER ST , BERKELEY, CA 94703
NAI Northern California is proud to present 1615 Parker Street in South Berkeley. This 5-unit property consists of three 1-bed / 1 bath unit and two 2-bed / 2-bath units. Parker has been well kept, and recent capital improvements include seismic retrofitting, brand new windows, and a recent roof upgrade. Three of the units have been completely remodeled down to the studs. Due to its excellent location and recent upgrades this high cash flow property is in high demand and continue to command premium rents. The subject property is located in the highly demanded area of South Berkeley off of Dwight Way and Sacramento Street. Tenants benefit from being a short walk from Downtown Berkeley Bart Station and Ashby Bart Station. The properties prime location is very close to UC Berkeley, and a few blocks from Shattuck Ave shopping. Shattuck Ave offers a plethora of boutique shops, grocery stores and renowned restaurants. This location will continue commanding premium rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
PROPERTY TAXES
| Parcel Number | 054-1805-016-00 | Improvements Assessment | $551,614 |
| Land Assessment | $245,162 | Total Assessment | $799,416 |
PROPERTY TAXES
