1612 Parker Street

Berkeley, CA 94703

$2,875,000
Price
Beds
9,205 Sq. Ft.
$312 / Sq. Ft.
9,205
Sq. Ft.
$312
per 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...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.
  1. Listed by Negar Souza • DRE #01701667 • Red Oak Realty
  2. Listed by Feri Niroomand • DRE #00811861 • Red Oak Realty

Property Details for 1612 Parker Street

City
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
5
LISTING UPDATED: 09/25/2024 07:13 AM

Property Details for 1612 Parker Street

StatusActive
MLS #41071400
Days on Compass114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1964
Lot Size0.21 AC / 9,163 SF
CountyAlameda County

Building Information for 1612 Parker Street

Stories-Residences8Year Built1964Building Size-Lot Size0.21 AC / 9,163 SF

Property Information for 1612 Parker Street

Features
Feature Details
  • Flooring: Hardwood Flrs Throughout, Tile, Other
  • Laundry: Community Facility
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Other, Carbon Mon Detector, Smoke Detector, All Public Utilities
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 9163
  • Lot Size Square Feet: 9163.0
  • Roof: Other
  • Sq Ft Apx: 9205
  • Year Built: 1964
Location Details
  • Directions to Property: California to Parker
  • FIPS Code: 06001
  • Census Tract: berkeley
  • Parcel Number: 54-1804-19
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Other, Oven Range Free Standing, Refrigerator
  • Some Units Have: Deck, Microwave, Updated Baths, Updated Kitchen
  • Units Total: 8
  • Basement: None
  • Tenant Pays: Electric, Other, Parking, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Carports - 2 Or More
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1612 Parker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1612 Parker Street

Taxable ValueLand$230,533Additions$592,058Total$822,591
Tax Record2024$28,823 ($2,402 / month)
Home Facts
Total Finished SqFt9,205 SqFtAbove Grade Finished SqFt9,205 SqFtStories3Lot Size9,163 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1978CountyALAMEDAAPN54-1804-19

Schools near 1612 Parker Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Malcolm X Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Washington Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1612 Parker Street is a multi-family home for sale in Berkeley, CA 94703. This property was listed for sale on August 29, 2024 by Red Oak Realty, it's currently listed at $2,875,000. It has been on the market for a total of 114 days and was last sold on November 18, 1994. This listing's school district is Berkeley Unified School District. Nearby schools include Malcolm X Elementary School, Berkeley Arts Magnet at Whittier School and Oxford Elementary School. 1612 Parker Street is a 0-bed, 0-bath, 9,205 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Red Oak Realty, Negar Souza, DRE #01701667; Red Oak Realty, Feri Niroomand, DRE #00811861

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.