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1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
1612 Parker St
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Courtesy of Red Oak Realty
$2,500,000

1612 Parker St

9,205 Sq.Ft. 9,163 Sq.Ft.

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.

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Location

1612 Parker St, Berkeley, CA 94703

Status

For Sale
Negar Souza

Negar Souza

TITLE

Broker Associate, Sales Manager, Team Lead

Feri Niroomand

Feri Niroomand

TITLE

Real Estate Broker Associate

Property Amenities

Interior
Laundry room Common Area
Appliances Free-Standing Range, Refrigerator
Flooring Hardwood Flrs Throughout, Tile, Other
Other Interior Features Other, Storage
Area & Lot
Lot Area 9,163 Sq.Ft.
Living area 9,205 Sq.Ft.
MLS® ID 41142904
Year Built 1964
Type Commercial
Status For Sale
Exterior
Air conditioning None
Heat type Wall Furnace
Water Source Public
Parking Carports - 2 Or More
Lot Features Rectangular Lot
Roof Other
Finance
Sales Price $2,500,000
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Schedule a Showing

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Thank you for your interest in 1612 Parker St, Berkeley, CA 94703. We are reviewing your request and will be in touch shortly!

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Berkeley

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Real estate decisions deserve honesty, not pressure. We’re known for clear guidance, creative vision, and the confidence to say when something isn’t right. Whether you’re buying your first home or selling a longtime residence, our goal is simple: help you make the best move for your life, not just the market.