White multi-unit building with metal-railed balconies, exterior stairs, and citrus trees beside the walkway.

1612 Parker St

  • Berkeley, CA
  • $2,500,000
$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

1964

1964

Year Built

9,205

9,205

Sq.Ft.

Living Space

9,163

9,163

Sq.Ft.

Lot Size

image

Schedule a Tour

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Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 1612 Parker St, Berkeley, CA 94703. We are reviewing your request and will be in touch shortly!
01

Interior

Laundry room

Common Area

Flooring

Hardwood Flrs Throughout, Tile, Other

Appliances

Free-Standing Range, Refrigerator

Other Interior Features

Other, Storage
01

Exterior & Building

Water Source

Public

Roof

Other

Lot Features

Rectangular Lot

Parking

Carports - 2 Or More

Heat Type

Wall Furnace

Air Conditioning

None
01

Lot & Area

Status

For Sale

Living Area

9,205 Sq.Ft.

Lot Size

9,163 Sq.Ft.

MLS® ID

41142904

Type

Commercial

Year Built

1964

Neighborhood

Lorin/South Berkeley
01

Finance

Sales Price

$2,500,000

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Explore

Lorin/South Berkeley

Home to antique stores, a thriving arts district, and a growing number of restaurants and cafes.

Welcome to Lorin/South Berkeley

South Berkeley, otherwise known as the Lorin District, is a colorful area that's rich in history. Home to antique stores, a thriving arts district, and a growing number of restaurants and cafes, it remains one of Berkeley's most accessible and affordable neighborhoods.
 
Development began in the 1870s, when farmland was turned into residential neighborhoods. Most of the homes — primarily one- and two-story Victorians and colonial revivals — were built before 1939, so the streets are wide and the architecture detailed.
 
The Ashby BART station makes getting around easy and hosts an ongoing flea market on the weekends. It's also home to the Ed Roberts Campus, a collection of agencies and nonprofits that serve the disabled community, named after a pioneer of the disability rights movement. You'll also find the Ashby Arts District, which includes critically acclaimed theater group the Shotgun Players and the Black Repertory Group.
 
The temple of fresh produce, Berkeley Bowl, isn't far away. But if you prefer having your meal prepared, you'll find an array of restaurants and cafes.
 
The Spiral Gardens Community Food Security Project, Sunday brunches at the Thai Temple, and an impressive Tool Lending Library are further evidence of South Berkeley's community-oriented vibe and livability. It's a great place to put down roots.

Located in the City of Berkeley

Image of Berkeley
Welcome to Lorin/South Berkeley South Berkeley, otherwise known as the Lorin District, is a colorful area that's rich in history. Home to antique stores, a thriving arts district, and a growing number of restaurants and cafes, it remains one of Berkeley's most accessible and affordable neighborhoods. Development began in the 1870s, when farmland was turned into residential neighborhoods. Most of the homes — primarily one- and two-story Victorians and colonial revivals — were built before 1939, so the streets are wide and the architecture detailed. The Ashby BART station makes getting around easy and hosts an ongoing flea market on the weekends. It's also home to the Ed Roberts Campus, a collection of agencies and nonprofits that serve the disabled community, named after a pioneer of the disability rights movement. You'll also find the Ashby Arts District, which includes critically acclaimed theater group the Shotgun Players and the Black Repertory Group. The temple of fresh produce, Berkeley Bowl, isn't far away. But if you prefer having your meal prepared, you'll find an array of restaurants and cafes. The Spiral Gardens Community Food Security Project, Sunday brunches at the Thai Temple, and an impressive Tool Lending Library are further evidence of South Berkeley's community-oriented vibe and livability. It's a great place to put down roots. Located in the City of Berkeley
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Negar Souza & Feri Niroomand

EM

Negar Souza & Feri Niroomand

REALTORS®, Broker Associate, CRES, SRES

0811861, 1701667

We are unique in that we are a mother and daughter team with more than three decades of experience.

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Feri Niroomand

EM

Feri Niroomand

REALTOR®

811861

Bio Coming Soon!

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