1818-1822 Milvia St

PRIME INVESTMENT OPPORTUNITY: FULLY ENTITLED PROPERTIES FOR DEVELOPMENT
These properties, 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.
1818 Milvia St (Duplex):
Expansion: Lift the existing two-story building to add a third story below.
Configuration: 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.
Garage: Demolish the non-conforming garage.
Total Area: The total square footage of the new project will be 3,400 SqFt.
Listed at $1,200,000
1822 Milvia St (DUPLEX):
Reconfiguration: Transform the existing two-story building into a three-story structure with 6BR, 4.5BA, and remove an unauthorized second unit in the back.
Parking: Remove parking in the rear and replace it with a one-car garage in front of the building.
Total Area: The total square footage of the new project will be 2,723 SqFt.
Listed at $1,100,000
Investment Potential:
High Demand Location: Close proximity to UC Berkeley, Downtown Berkeley, schools, and essential services makes this a highly desirable area.
Market Growth: The local real estate market presents substantial appreciation potential.
Versatility: Ideal for rental properties, multi-family living, or resale.
Development Advantages:
Fully Entitled: Ready for immediate development, minimizing risk and time.
Modern Standards: Upgrade to contemporary living standards, increasing property value and appeal.
Community Appeal: The spacious design and prime location attract students, families, and investors alike.
AS-IS SALE. Current properties are major fixer-uppers in uninhabitable condition. Buyers to cooperate with Seller's 1031 exchange. Sellers reserve the right to refuse any offers.