1612 Parker St , Berkeley, CA 94703
$2,500,000
Est. Payment: $13,636.74/mo
0.21 Acres
Status: Active | Days on site: 7
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BMLS-OBBREDO - BMLS-R01701667,BMLS-R00811861
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House 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.

Highlights

Listed by Negar Souza , 510-543-7016 and Feri Niroomand , 510-409-9111 Red Oak Realty , 510-527-9111. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.21

Year Built

1964

County

Alameda

Neighborhood

Berkeley Central

Listing ID

41142904

Questions about this listing?

Contact Agent

Interior Features

Exterior Features

Lot:No Land Lease
Garage Capacity:5
Others:
  • ▪ Additional:Stucco, 2+ Total Units
Principal Interest
$13,637
Taxes
$1,594

Home Price

$2,500,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$500,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,636.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,636.74 $1,593.75 $0.00 $15,230.49
Yearly $163,640.92 $19,125.00 $0.00 $182,765.92
Total $4,909,227.67 $573,750.00 $0.00 $5,482,977.67

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Current Listings

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Average Price

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Berkeley, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T21:12:45.000Z

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