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.
Multi-familyProperty Type
1961Year Built
6,750 sq ftLot Size
$402Price/Sq.Ft.
Listed by Gabriel Manzanares•DRE #02051583• Compass
North Berkeley, located between the Berkeley Hills and San Pablo Avenue, is a residential and academic Berkeley neighborhood with leafy side streets and a compact gourmet corridor. The neighborhood’s character concentrates at Shattuck Avenue and Vine Street, where sidewalk tables, specialty grocers, and small galleries set a steady daytime hum. The Cheese Board Collective anchors the food scene with its bakery and pizza line, while Chez Panisse remains a touchstone for California cooking. North Berkeley BART adds a commuter pulse without changing the quiet blocks of Craftsman bungalows and mid-century apartments. Ohlone Park’s greenway and the nearby Rose Garden shape daily routines with long, linear paths and terraced views. A grid of bike-friendly streets links cafés, bookstores, and corner markets to campus and the hills.
Provided by Walk Score and Local Logic
Market insights
Milvia · $2,700,000
DAYS ON MARKET
72 days
The average home goes pending in 40 days.
SALE-TO-LIST
100.0%
Most homes are selling 0% above list price.
LIST PRICE
$2,700,000
Median sale price in this area is $561,390. (79% lower than this home)
PRICE DROP
0 price drops
17% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Wall furnaces for heating
Bedrooms
One-bedroom unit (unit configuration listed)
Bathrooms
One full bathroom (unit configuration listed)
Heating & cooling
Wall Furnace heating
Exterior features
Covered parking
Carport
Home design
Multi-unit property with 11 units
Single building
Parking
Covered parking under a carport
Construction
Polyurethane roof
Building area approximately 6,722 total square feet
Utilities
Individual gas meters
Public sewer
Financial info
Month-to-month lease terms
6 of 11 units currently leased
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the Restricted Multiple-Family Residential (R-2A) district is to: Implement the General Plan by encouraging the development of medium-density residential areas characterized by small multiple-family and garden-type apartment structures with a maximum of open space consistent with this type of development; Make available housing for persons who desire apartment-type accommodations with a maximum of open space; Protect adjacent properties from unreasonable obstruction of light and air; and permit only land use intensity which is compatible with existing low-density residential structures and is not detrimental to the immediate neighborhood.
Permitted uses
Include but are not limited to:
Agriculture-Other
Housing-Other
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 82° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
9/10 Air Factor
16 unhealthy days expected this year, 16 days in 30 years
Provided by First Street
Historical weather
Berkeley, CA • 94709
Average low and high temperatures (°F)
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Sun exposure
In this area, properties receive around 11.1 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.
11.1 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for Milvia
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