The Pinza Group is proud to market The Parker Villa Apartments, a 32 unit multifamily property comprised of thirty 2bd/2bth and two 1bd/1bth, built in 1964. The structure is set on a massive 20,250 SF lot, featuring on site laundry amenities, 1:1 off-street parking, and storage, all of which generate additional income. Current ownership has completed nearly $500K in recent improvements, including: a full seismic retrofit, brand new roof, upgraded dual pane windows, resurfaced asphalt parking lot, and a new wood gate surrounding the property. Three private garages will be delivered vacant, allowing for easy conversion into an ADU. There is significant rental upside and ability for implementation of RUBS, modern remodels, monetization of parking, and more.
Located steps to coveted UC Berkeley, Parker Villa Apartments is "Very Walkable" and a "Biker’s Paradise" according to walkscore.com. The property has easy access to several modes of public transportation including BART and AC Transit Bus lines, and is a short distance to shopping, dining, and other Berkeley amenities.
Email: Info@PinzaGroup.com for a complete marketing package