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Listed by Gabriel Manzanares • Compass, DRE#02051583
$ 2,700,000
Est. payment /mo
New
1614 Milvia ST Berkeley, CA 94709
1 Bed
1 Bath
6,722 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,722 sqft
Price per Sqft $401
MLS Listing ID ML82054024
Bedrooms 1
Full Baths 1
Year Built 1961
Lot Size 6,750 Sqft
Property Sub-Type Five or More Units
Property Description
Located in one of Berkeley's most sought-after residential corridors, 1614 Milvia Street presents a compelling opportunity to acquire an eleven-unit apartment building consisting of (11) one-bedroom, one-bathroom units. Built in 1961, the property offers approximately 6,722 square feet of building area situated on a 6,750 square foot lot, delivering an efficient and well-proportioned multifamily asset in the heart of the East Bay's strongest rental market. Notably, (5) units will be delivered vacant at close of escrow, offering an investor the immediate ability to lease at current market rents and capture significant upside from day one. Ideally positioned just blocks from the UC Berkeley campus, Downtown Berkeley, and the energy of University Avenue, the property benefits from immediate proximity to Andronico's Community Market, BART, and the full complement of dining, retail, and cultural amenities that define this vibrant neighborhood. This premier Berkeley location commands consistent tenant demand driven by the university's academic calendar, a deep pool of professional and graduate renters, and the area's enduring desirability among long-term residents making 1614 Milvia Street an exceptional addition to any Bay Area multifamily portfolio.
Location
State CA
County Alameda
Area Berkeley Map Area 4
Zoning R-2A
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Covered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Polyurethane
Building
Foundation Other
Sewer Sewer - Public
Water Other
Others
Restrictions None
Tax ID 58-2172-5
Security Features Other
Special Listing Condition Not Applicable
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