1818-1822 Milvia St - Apartments FOR SALE


Berkeley, CA 94709
$2,300,000 USD
510-541-4862
1818-1822 Milvia St, Berkeley, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/4
null | Request Cap Rate

1818-1822 Milvia St
Berkeley, CA 94709


HIGHLIGHTS

  • Flexible Sale Options: Each property is available for individual purchase, or both can be acquired together.
  • Ideal for Multiple Uses: Whether for investment, development, or family living, these properties offer versatile opportunities.
  • High Demand Location: Close proximity to UC Berkeley, Downtown Berkeley, schools, and essential services makes this a highly desirable area.
  • Market Growth: The local real estate market presents substantial appreciation potential.
  • Versatility: Ideal for rental properties, multi-family living, or resale.
  • Fully Entitled: Ready for immediate development, minimizing risk and time.

OVERVIEW

PRIME INVESTMENT OPPORTUNITY: FULLY ENTITLED PROPERTIES FOR DEVELOPMENT These properties, located at 1818 Milvia St and 1822 Milvia St adjacent to Ohlone Park, present a unique and lucrative investment opportunity. With two separate parcels, each fully entitled for development, this sale appeals to a broad spectrum of potential buyers, including investors, developers, and multi-generational families. Property Highlights: Flexible Sale Options: Each property is available for individual purchase, or both can be acquired together. Ideal for Multiple Uses: Whether for investment, development, or family living, these properties offer versatile opportunities. 1818 Milvia St (Duplex): Expansion: Lift the existing two-story building to add a third story below. Configuration: The ground floor will feature 2BR, 2BA, and a 1-car garage. The two-story second unit above will feature 6BR, 3BA, and a covered balcony. Garage: Demolish the non-conforming garage. Total Area: The total square footage of the new project will be 3,400 SqFt. Listed at $1,200,000 1822 Milvia St (DUPLEX): Reconfiguration: Transform the existing two-story building into a three-story structure with 6BR, 4.5BA, and remove an unauthorized second unit in the back. Parking: Remove parking in the rear and replace it with a one-car garage in front of the building. Total Area: The total square footage of the new project will be 2,723 SqFt. Listed at $1,100,000 Investment Potential: High Demand Location: Close proximity to UC Berkeley, Downtown Berkeley, schools, and essential services makes this a highly desirable area. Market Growth: The local real estate market presents substantial appreciation potential. Versatility: Ideal for rental properties, multi-family living, or resale. Development Advantages: Fully Entitled: Ready for immediate development, minimizing risk and time. Modern Standards: Upgrade to contemporary living standards, increasing property value and appeal. Community Appeal: The spacious design and prime location attract students, families, and investors alike. AS-IS SALE. Current properties are major fixer-uppers in uninhabitable condition. Buyers to cooperate with Seller's 1031 exchange. Sellers reserve the right to refuse any offers.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$457 USD /SF

# OF UNITS

3

PRICE/UNIT

$766,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

MDR, R2-A

APN/PARCEL ID

057-2056-006-00,057-2056-007-00

ASK ABOUT THIS PROPERTY

Natalya BlairREB CompanyMore Info
510-541-4862

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Natalya BlairREB CompanyMore Info
510-541-4862

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.