Cap rate 5.04% in South Berkeley with Upside! Offers subject to inspection. 1615 Parker Street in South Berkeley. This 5-unit property consists of three 1-bed/ 1-bath units and two 2 bed/ 2 bath units. Parker has been well kept, and recent capital improvements include seismic retrofitting, brand new windows, & a recent roof upgrade. Three of the units have been completely remodeled down to the studs and have upscale kitchens. Due to its excellent location & recent upgrades this high cash flow property is in high demand from tenants.
Off market
$799,416
1615 Parker St, Berkeley, CA 94703
7beds
5baths
3,768sqft
MultiFamily
Built in 1961
-- sqft lot
$-- Zestimate®
$212/sqft
$5,000 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Wall
Cooling
- None
Interior area
- Total interior livable area: 3,768 sqft
Property
Parking
- Total spaces: 5
Features
- Exterior features: Other, Stone, Stucco
Lot
- Size: 4,647 sqft
- Features: Other
Details
- Parcel number: 54180516
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1961
Community & neighborhood
Location
- Region: Berkeley
HOA & financial
Other financial information
- Total actual rent: 11270
Other
Other facts
- HeatingYN: true
- NumberOfUnitsTotal: 5
- NetOperatingIncome: 9999
- ParkingFeatures: Tandem, Assigned
- TenantPays: Electricity, Gas
- ExteriorFeatures: Other
- LotFeatures: Other
- Heating: Wall Furnace
- OperatingExpense: 9999
- GrossIncome: 9999
- Roof: Rolled Composition
- InsuranceExpense: 9999
- ConstructionMaterials: Stucco & Stone
- GrossScheduledIncome: 9999
- MaintenanceExpense: 9999
- ProfessionalManagementExpense: 9999
- VacancyAllowance: 9999
- TotalActualRent: 11270
- CapRate: 5.04%