1818 MILVIA ST, Berkeley, CA 94704 – 41068216 - Norma Mardelli

$1,200,000

Est. payment - /mo

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6 BD

4 BA

2,391 SqFt

Active

1818 MILVIA ST Berkeley, CA 94704

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

12/05/2024 03:35 AM

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,391 sqft

Price per Sqft $501

Subdivision N Berkeley

MLS Listing ID 41068216

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1904

Lot Size 2,827 Sqft

Property Description

PRIME INVESTMENT OPPORTUNITY: FULLY ENTITLED PROPERTIES FOR DEVELOPMENT! These duplexes, located at 1818 Milvia St and 1822 Milvia St adjacent to Ohlone Park, present a unique and lucrative investment opportunity. With two separate parcels, each fully entitled for development, this sale appeals to a broad spectrum of potential buyers, including investors, developers, and multi-generational families. Property Highlights: Flexible Sale Options: Each property is available for individual purchase, or both can be acquired together. Ideal for Multiple Uses: Whether for investment, development, or family living, these properties offer versatile opportunities. Reconfiguration: Expansion: Lift the existing two-story duplex to add a third story below.The ground floor will feature 2BR, 2BA, and a 1-car garage. The two-story second unit above will feature 6BR, 3BA, and a covered balcony. Demolish the non-conforming garage. The new project will be 3,400SqFt. Investment Potential: High Demand Location: Close proximity to UC Berkeley, Downtown Berkeley, schools, restaurants, cafes, and essential services makes this a highly desirable area. The local real estate market presents substantial appreciation potential. Ideal for rental properties, multi-family living, or resale.

Location

State CA

County Alameda

Zoning R2-A

Interior

Heating See Remarks

Cooling None

Flooring Carpet, See Remarks, Tile

Fireplace Yes

Exterior

Parking Features Garage

Garage Spaces 1.0

Garage Description 1.0

Pool None

Porch Porch

Attached Garage Yes

Total Parking Spaces 1

Private Pool No

Building

Story Two

Entry Level Two

Sewer Public Sewer, Other

Water Other

Level or Stories Two

New Construction No

Schools

School District Berkeley

Others

Tax ID 057205600600

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Listed by Natalya Blair • REB COMPANY