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Listed by Grant Chappell • NAI Northern California
$2,800,000
Est. payment /mo
8 Beds
6 Baths
4,609 SqFt
Active
1801 Milvia Berkeley, CA 94709
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,609 sqft
Price per Sqft $607
MLS Listing ID MR41092602
Bedrooms 8
Originating Board Bridge MLS
Year Built 1908
Lot Size 3,920 Sqft
Property Sub-Type Five or More Units
Property Description
New to market, 1801 Milvia Street, a turnkey property comprising 5 fully remodeled units exuding modern elegance. The 3-story property consists of a desirable unit mix of one (1) 2bd/1ba unit, two (2) 4bd/2ba units, one (1) 2bd/2ba unit, and one (1) studio unit. With a new roof, electrical, and plumbing, this property offers the perfect blend of classic charm and contemporary convenience. Ideally situated just two blocks from UC Berkeley's main campus and a short walk from the Downtown BART Station, it provides unmatched access to the entire Bay Area. Strong cashflow with 10.5 GRM and 6.61% Cap Rate day one! The subject property is located less than four blocks from the northwest corner of campus, west of MLK Jr. Way, and near the public parks along Hearst Ave. This property appeals to students and commuters alike as it is conveniently located a few blocks from Downtown Berkeley BART Station, opening up access to the entire Bay Area. This property's size and location will continue to demand premium renters and maintain a very low vacancy rate.
Location
State CA
County Alameda
Area Berkeley Map Area 3
Interior
Cooling None
Flooring Carpet - Wall to Wall, Wood
Exterior
Parking Features No Parking
Building
Water Public
Others
Special Listing Condition Not Applicable
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