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1607 Milvia St, BERKELEY

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Offered at $3,950,000

  • Status: Active
  • Lot Size: 0.14
  • Listed: 2/24/2020
  • Type: COMM RI MULTI-UNITS 5+
  • MLS: 40896603
  • Elementary School District:
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Mortgage payment: $16,963/mo.
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About 1607 Milvia St

Investors Dream! Location! Upside Too! This mid century 7 unit building has 7 carports and boasts FIVE units which might be able to be delivered vacant! All four of the 3 bedrooms units plus the studio unit can fetch top rents. Just 1 and 1/2 blocks to UC Berkeley North Campus entrance. Rent to your investor's heart's desire! The 2 tenant occupied units have tremendous rental upside due to in place long term tenants. The units are spacious and floorplans are functional. Seismic work done. Further upside can be realized from renting carports separately, installing on-site laundry and unit upgrades. Or rent out as is for immediate income. Proforma GRM will be a mere 15.6x and CAP at 4.4%. And still, there is more upside potential from future turnovers and building improvements. Incredible North Campus location, a block and a half to North Campus entrance and 2 BART stations. Minutes to Alta Bates, cafes and all campus life conveniences. Hurry!



Schools Near 1607 Milvia St

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Offered at $3,950,000

1607 Milvia St
BERKELEY, CA 94709

  • Status: Active
  • Lot Size: 0.14
  • Listed: 2/24/2020
  • Type: COMM RI MULTI-UNITS 5+
  • MLS: 40896603
  • Elementary School District:
  • High School District:
  • Elementary School:
  • Middle School:
  • High School:
Schedule a Showing Save as Favorite Comparables
Mortgage payment: $16,963/mo.
close
Property Value:
Down Payment:
or
%
Interest Rate:
%
Loan Duration:
months, or
years
Monthly Payment:

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Courtesy of Monica Chung, Andersen, Jung & Co.

© 2018 BEAR, bridgeMLS, CCAR. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or bridgeMLS or Contra Costa MLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Updated on 9/24/2020