Located in one of Berkeley's most sought-after residential corridors, 1614 Milvia Street presents a compelling opportunity to acquire an eleven-unit apartment building consisting of (11) one-bedroom, one-bathroom units. Built in 1961, the property offers approximately 6,722 square feet of building area situated on a 6,750 square foot lot, delivering an efficient and well-proportioned multifamily asset in the heart of the East Bay's strongest rental market. Notably, (5) units will be delivered vacant at close of escrow, offering an investor the immediate ability to lease at current market rents and capture significant upside from day one.
Ideally positioned just blocks from the UC Berkeley campus, Downtown Berkeley, and the energy of University Avenue, the property benefits from immediate proximity to Andronico's Community Market, BART, and the full complement of dining, retail, and cultural amenities that define this vibrant neighborhood. This premier Berkeley location commands consistent tenant demand driven by the university's academic calendar, a deep pool of professional and graduate renters, and the area's enduring desirability among long-term residents making 1614 Milvia Street an exceptional addition to any Bay Area multifamily portfolio.
33 days
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136
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11
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Zillow last checked:
Listing updated:
Listed by:
Gabriel Manzanares02051583415-634-9634,
Compass415-345-3000
Source: MLSListings Inc,MLS#: ML82054024
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Heating
Wall Furnace
Cooling
None
Features
Doors: None
Interior area
Total structure area: 6,722
Total interior livable area: 6,722 sqft
Property
Parking
Parking features: Covered
Has carport: Yes
Accessibility
Accessibility features: None
Lot
Size: 6,750 Square Feet
Details
Parcel number: 5821725
Zoning: R-2A
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Property subtype: Five Or More Units, Residential Income