2252 Parker Street

    Berkeley, CA 94704
    • $3,950,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • ID#: MR40861564
    Under Contract
    UPDATED: 145 min ago
    $3,950,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    School Ratings & Info

    Description

    2252 Parker Street is a 12-unit apartment building centrally located in South Berkeley, just six blocks from The University of California, Berkeley, the number one public university in the world. Delivered to investors and 1031 exchange buyers, this asset features 12 X two-bedroom, one-bathroom units. Built in 1970, the 10,449 sq. ft., four story structure is situated near the corner of Parker Street and Ellsworth Street on a 6,559 sq. ft. lot. The property features a secured parking garage containing 12 parking spaces, most of which are covered, and an on-site, coin operated laundry facility. The current in place rent is roughly 38% below market rate and provides the opportunity to increase the net operating income by nearly 105% by stabilizing the asset over the long-term.

    Monthly Payment Calculator



    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-05-23T23:50:13.933. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Warfel Gardin Group | Keller Williams - San Jose Gateway.

    Licensed in the State of California.
    www.charmingsanjosehomes.com/homes/93836824

    2252 Parker Street Berkeley, CA 94704

    • Price: $3,950,000
    • Status: Active Under Contract
    • Updated: 145 min ago
    • ID#: MR40861564
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1970
    Built
    Neighborhood:
    Berkeley Map Area 4
    County:
    Alameda
    Area:
    Berkeley Map Area 4
    Property Description
    2252 Parker Street is a 12-unit apartment building centrally located in South Berkeley, just six blocks from The University of California, Berkeley, the number one public university in the world. Delivered to investors and 1031 exchange buyers, this asset features 12 X two-bedroom, one-bathroom units. Built in 1970, the 10,449 sq. ft., four story structure is situated near the corner of Parker Street and Ellsworth Street on a 6,559 sq. ft. lot. The property features a secured parking garage containing 12 parking spaces, most of which are covered, and an on-site, coin operated laundry facility. The current in place rent is roughly 38% below market rate and provides the opportunity to increase the net operating income by nearly 105% by stabilizing the asset over the long-term.
    Exterior Features

    Exterior StuccoWood FrameOther Garage Parking Assigned SpacesSpaces Per Unit - 1 Lot Description Regular Roof Other Units In Complex Max 12 View BayBay BridgeHills

    Interior Features

    Baths Unit1 1.00 Baths Unit2 1.00 Beds Unit1 2 Beds Unit2 2 Cooling None Flooring LinoleumCarpet - PartialTileOther Heating GasWall Furnace Laundry DryerWasherLaundry Facility - Coin-OpIn Laundry RoomWasher/Dryer - Owned Max Building Height 3 Min Building Height 1 Structure Sq Ft 10449

    Property Features

    Additional Listing Info Accepting BackupsNot Applicable Amenities Balcony/PatioElevator(S)/Lift(S) City Name Berkeley Communications Intercom Cross Street Ellsworth Lot Size Area Maximum 6559.00 Meters Separate ElectricSeparate Gas Security Features Security BuildingFire Alarm Sewer Septic Sewer - Public Status Qualifier Accepting Backups Water Heater - GasPublic Zoning R-2A

    © 2019 MLSListings Inc. All rights reserved. Listing provided courtesy of Keith Manson of Cbre.


    © 2019 MLSListings Inc. Based on information from MLSListings MLS as of 2019-05-23T23:50:13.933. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Warfel Gardin Group | Keller Williams - San Jose Gateway.

    Licensed in the State of California.
     
    The Warfel Gardin Group | Keller Williams - San Jose Gateway
    180 Great Oaks Blvd.
    San Jose CA, 95119