2252 Parker Street Berkeley, CA 94704

2252 Parker Street is a 12-unit apartment building centrally located in South Berkeley, just six blocks from The University of California, Berkeley, the number one public university in the world. Delivered to investors and 1031 exchange buyers, this asset features 12 X two-bedroom, one-bathroom units. Built in 1970, the ±10,449 sq. ft., four story structure is situated near the corner of Parker Street and Ellsworth Street on a ±6,559 sq. ft. lot. The property features a secured parking garage containing 12 parking spaces, most of which are covered, and an on-site, coin operated laundry facility. The current in place rent is roughly 38% below market rate and provides the opportunity to increase the net operating income by nearly 105% by stabilizing the asset over the long-term.