1612 Parker St, Berkeley, CA 94703 - Berkshire Hathaway HomeServices California Properties

1612 Parker St, Berkeley, CA 94703

$2,875,000 Approx. USD 0 beds, 0 baths

Listing Agent


Negar Souza | negar@redoakrealty.com
Lic#: 01701667
Broker: Courtesy of Red Oak Realty

Co Listing Agent


Feri Niroomand | feriandnegar@redoakrealty.com
Lic#: 00811861
Broker: Courtesy of Red Oak Realty

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41082213
Price: $2,875,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1964
0.21 acres
Lot size: 0.2104
County: Alameda
Construction: Stucco
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 1/20/2025

 Days On Market (DOM): 106

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Lat/Long: 37.860579, -122.277729.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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