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Listed by Grant Chappell • NAI Northern California
$2,750,000
Est. payment /mo
4,609 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,609 sqft
Price per Sqft $596
MLS Listing ID 41092602
HOA Y/N No
Year Built 1908
Lot Size 3,920 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Interior
Heating Other
Cooling None
Flooring Carpet, Wood
Fireplace No
Building
Lot Description Front Yard, Street Light(s)
Water Public
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