$2,500,000
 $13,421 est/mo Sourced by Back At You

1612 Parker St,Berkeley, CA 94703

Berkeley, CA 94703

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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 cityopportunities 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.

Details

MLS #41142904
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1964
Days On Site35
Listing Provided ByRed Oak Realty | Negar Souza

Features

Units8
Acreage0.21

Interior

CoolingNone
HeatingWall Furnace
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Construction MaterialsStucco

Area Information

StateCA
CountyAlameda
CityBerkeley
Zip Code94703
Community NameBERKELEY CENTRAL
Listing VS Median (in BERKELEY CENTRAL)
Price:
$2,500,000
low | high
Med:
$0
On site:
35
low | high
Med:
Sourced by Back At You

Market Activity 94703

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyAlameda
CityBerkeley
Zip Code94703
Community NameBERKELEY CENTRAL
Listing VS Median (in BERKELEY CENTRAL)
Price:
$2,500,000
low | high
Med:
$0
On site:
35
low | high
Med:
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $1.875M - $3.125M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
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Berkeley, CA 94702
Listing Updated: August 21, 2026 at 9:41:22 PM PDT