Discover a rare chance to own a stunning 8-unit building in one of Berkeley's most desirable neighborhoods! This well-maintained property exudes pride of ownership and is set on a generous lot that features five reserved parking spots and a convenient community laundry area. Each of the 8 units offers spacious 2-bedroom, 1-bathroom layouts, perfect for a variety of tenants. Several units have been tastefully updated, adding modern touches while retaining their classic charm. Additionally, the property includes a non-conforming manager's unit, providing extra flexibility for onsite management or additional rental income*. Some units also have additional storage and balconies. This is not just an investment; it’s an opportunity to be a part of the rich tapestry of Berkeley, a city known for its eclectic mix of cultures, progressive spirit, and unparalleled intellectual vibrancy. Don’t miss your chance to own a fabulous building in this iconic city—opportunities like this are truly one-of-a-kind! Cap Rate of 6% - Huge upside potential. *Neither seller nor listing agent has investigated or verified the accuracy of any of these sources of information. Buyer must conduct their own investigation with the city and appropriate boards and rely solely on that investigation.
Property Details
Property Features
Property Information:
Year Built: 1964
Listing Office:
Office Name: Red Oak Realty
Office Phone: (510) 527-9111
Listing Agent: Negar Souza
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: None
Other
Directions Information:
Directions: California to Parker Cross Street: California.
Price Information
Listing Price Info
Price Summary:
List Price: $2,875,000
Tax Information:
Annual Amount: $21,574
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Berkeley, CA.
This property is $1.4M more than the Median Sold Price in Berkeley, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41071400
Listing Office:
Office Name: Red Oak Realty
Office Phone: (510) 527-9111
Listing Agent: Negar Souza
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 2:20:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 18, 1994
Nov 18, 1994Home Sold
$325,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$21,574
$775,154
2020
$21,574
$767,207
2019
$21,989
$752,166
2018
$19,056
$586,420
2017
$19,056
$575,100
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Washington Elementary School
2300 Martin Luther King Jr Way
Distance between this listing and this school0.49 miles
Public District Grades KG-5
7
/10
Malcom X Elementary School
1731 Prince St
Distance between this listing and this school0.59 miles
Public District Grades KG-5
6
/10
Oxford Elementary School
1222 Univ Ave
Distance between this listing and this school0.84 miles
Public District Grades KG-5
Nearby Schools
6
/10
Longfellow Arts and Technology Middle School
1500 Derby St
Distance between this listing and this school0.16 miles
Public District Grades 6-8
8
/10
Willard Middle School
2425 Stuart St
Distance between this listing and this school1.06 miles
Public District Grades 6-8
4
/10
Aspire Berkley Maynard Academy
6200 San Pablo Ave
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
Nearby Schools
5
/10
Berkeley Technology Academy
2701 Martin Luther King Jr Way
Distance between this listing and this school0.36 miles
Public District Grades 10-12
8
/10
Berkeley High School
1980 Allston Way
Distance between this listing and this school0.64 miles
Public District Grades 9-12
5
/10
Emery High School
1100 47th St
Distance between this listing and this school1.73 miles
The neighbors living near this home have an average income of $60,620. Typical income of Berkeley, CA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1612 Parker St
What is the listing price of this property?
The listing price of 1612 Parker St property is $2,875,000.
What type of property is this?
The property 1612 Parker St is a house located in Berkeley, California, 94703.
Is this property for sale now?
Active Listing: 1612 Parker St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $21,574 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on November 18, 1994 for $325,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 1612 Parker St is 1964.
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This home is located at 1612 Parker St in Berkeley, CA and zip code 94703 in the South Berkeley neighborhood. This home, which was built in 1964, sits on a 0.21 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $2,875,000.
In October 2024, from all listings sold in Berkeley, CA there were more than 54 sold above asking price, over 9 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Berkeley, CA between September 2024 and October 2024 increased by 2.3%. The median list price of listings available in October 2024 was $1,400,000, while the average time on the real estate market was 19 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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