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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Gabriel Manzanares • Compass

$2,700,000

Est. payment - /mo

6,722 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,722 sqft

Price per Sqft $401

MLS Listing ID ML82054024

HOA Y/N No

Year Built 1961

Lot Size 6,750 Sqft

Property Sub-Type Other

Source Datashare MLSListings

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

Interior

Heating Wall Furnace

Cooling None

Fireplace No

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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1614 Milvia Street Berkeley, CA 94709

Patricia Beattie

Key Details

Location

Interior

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