$4,000,000
For Sale

1610 Milvia St

Berkeley, CA 94709
Listing OfficeNAI Northern California
Browse 56 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

The Mitchell Warren Team is pleased to present 1610 Milvia Street, a well-maintained 8-unit apartment located just two blocks from Shattuck Avenue in Berkeley's Gourmet Ghetto neighborhood. The property consists of four (4) 2-bedroom, 1-bathroom units and four (4) 1-bedroom, 1-bathroom units built in 1961. THE PROPERTY WILL BE DELIVERED 100% VACANT, providing flexibility for the buyer. The units are individually metered for electricity, gas, AND WATER minimizing the operating expenses. Amenities include eight off-street parking spots, eight storage closets, and an on-site coin-operated laundry facility. Several capital improvements have been completed including a full seismic retrofit in 2017. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. 1610 Milvia Street is ideally located less than two blocks from Shattuck Avenue in the Gourmet Ghetto. Residents benefit from a range of restaurant choices including Cheeseboard, the Michelin Guide restaurant Chez Panisse, as well as a variety of other restaurants and shopping options. Students will enjoy the close proximity to the UC Berkeley campus just a short walk away. The property features a 98 Walk Score and is considered a “Walker’s Paradise” by walkscore.com.

  • Property Details
      • Acres0.155
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1961
  • Community and Neighborhood Details
      • CountyAlameda
  • Financial Details
      • Original List Price$4,000,000
  • Other
      • MLS #41062741

Location

Marjorie CrowReal Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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