Apartment Building with
New
For Sale
$2,500,000
1612 Parker St, Berkeley, CA 94703
Apartment building with a carport and wall furnace units, built in 1964, offered for sale in Berkeley.
Property Size9,205 SF
Price / SF$271.59
Days on Market5
Property Features for 1612 Parker St
General Information
Standard status
Active
Size
9,205 SF
Property subtype
Residential Income
Amenities
Wall Furnace
Range, Free-Standing Range, Refrigerator
Other, Storage
Carport
Building Details
Building Size
9,205 SF
Year Built
1964
Listing Agency:
RED OAK REALTY
(510) 543-7016
Listed By:
Negar Souza · License #01701667
(510) 543-7016
Source:
Evrealestate
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 3 at 4:52AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RED OAK REALTY
Investment Insights
Based on property information with market context.
This apartment building includes a carport and interior features such as wall furnace heating, along with a free-standing range, refrigerator, and storage. The property was built in 1964.
Directions indicate California to Parker. The property is located at 1612 Parker St, Berkeley, CA 94703 in Alameda County.
With its residential income configuration and practical on-site covered parking via the carport, this building may be a fit for buyers looking for a smaller multifamily asset with straightforward mechanical and interior feature set.
Directions indicate California to Parker. The property is located at 1612 Parker St, Berkeley, CA 94703 in Alameda County.
With its residential income configuration and practical on-site covered parking via the carport, this building may be a fit for buyers looking for a smaller multifamily asset with straightforward mechanical and interior feature set.
Key Highlights
- Carport on‑site
- Wall furnace heating
- Includes free‑standing range and refrigerator
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $350.2k | $38.04 |
| − Vacancy | −$17.5k | −$1.90 |
| EGI | $332.7k | $36.14 |
| − OpEx | −$149.7k | −$16.26 |
| NOI | $183.0k | $19.88 |
9,205 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.29M – $3.05M
NOI $182,958 @ 7.0% cap · market cap 7.32%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.56M
$3.11M – $4.15M
NOI $249,198 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,295
Businesses Nearby
Explore this area
Business Placement
Demographics for 94703, CA
20,805
Population
9,654
Households
2.2
Avg Household Size
37
Median Age
71%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
16,004
Density / Sq Mi
$108,922
Median Household Income
$66,261
Median Earnings
$2,257
Median Rent
$1,273,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with a carport and wall furnace units, built in 1964, offered for sale in Berkeley.
Where is this apartment building located?
The property is located at 1612 Parker St Berkeley, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Carport on‑site; Wall furnace heating; Includes free‑standing range and refrigerator
