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Better Homes Realty
OAKLAND, CA 94605
510-562-8600
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Listing 13 out of 83
$1,850,000 For Sale

1615 Parker Street
Berkeley, CA 94703

5 units | Multi Family Home
4792 sq ft - MLS# 40847479
Property Photo

Description

Cap rate 5.08% 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.

Features

  • Property Type: Multi Family Home
  • Sub Type: Lowrise (1-3 Flrs)
  • Listing Status: Active
  • County/Area: Alameda County
  • Zip Code: 94703
  • Year Built: 1961
  • Age: 58
  • Sq.Ft.: 3,768 sq ft
  • Units: 5 units
  • # of Parking Spaces: 5
  • Lot Size: 4792 sq ft
  • Annual Gross Sched Inc: 135240
  • Annual License Exp: 1726
  • Annual Maint Exp: 2500
  • Annual Rent Inc: 135240
  • Annual Taxes: 22716
  • Annual Util Exp: 5792
  • Annual Vacancy: 2704
  • Apx Lot Sq Ft: 4650
  • Cap Rate: 5.08
  • Exterior: Other Skirt
  • Gross Income: $135,240
  • Gross Oper Actual Inc: 132535
  • Heating: Other Heat
  • Net Oper Income: $93,908
  • Other Ann Exp: 4007
  • Tot Ann Oper Exp: 11903
  • Unit # 1 # Of Bathrooms: 1
  • Unit # 1 # Of Bedrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 2 # Of Bathrooms: 1
  • Unit # 2 # Of Bedrooms: 2
  • Unit # 2 Parking Spaces: 1
  • Unit # 3 # Of Bathrooms: 1
  • Unit # 3 # Of Bedrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 4 # Of Bathrooms: 1
  • Unit # 4 # Of Bedrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 5 # Of Bathrooms: 1
  • Unit # 5 # Of Bedrooms: 2
  • Unit # 5 Parking Spaces: 1
  • Unit 1 # Units This Type?: 1
  • Unit 2 # Units This Type?: 1
  • Unit 3 # Units This Type?: 1
  • Unit 4 # Units This Type?: 1
Courtesy of Joseph M. Tapia, Broker, Grant Chappell


 Better Homes Realty | 510-562-8600 | Contact Us
5942 MacArthur Blvd. - OAKLAND, CA 94605
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