USACABerkeley1327 Ashby Ave
1327 Ashby Ave, Home with 0 bedrooms, 0 bathrooms and 8 parking in Berkeley CA | Image 1
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$2,028,000

1327 Ashby Ave, Berkeley, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $35,776
Days Active 1
Approx. Age 1961
MLS® Number ML82016262

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Marcus & Millichap is pleased to present 1327 Ashby Avenue, an eight-unit multifamily complex located in the heart of Berkeley, CA. Originally developed and held by the same family since 1961, this asset offers a rare opportunity to acquire a well-maintained, legacy-owned property. The unit mix consists of eight spacious 2-bedroom/1-bathroom floor plans, offering strong tenant appeal and long-term rental upside. The asset has recently undergone substantial capital improvements, including brand new roofs on both buildings, fresh exterior paint, all new dual-pane windows, updated gutters and drainpipes, and a fully replaced sewer line. Interior upgrades include new appliances, flooring, cabinetry, and modern lighting throughout the units. Priced at a 6.50% CAP rate and 9.78 GRM on current rents, 1327 Ashby Avenue offers an attractive in-place yield and qualifies for strong bank financing making this a rare opportunity for investors seeking stability and upside in one of the East Bay's most desirable rental markets.Show Description
MLS® NumberML82016262
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1961
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/CNone
Heating Fuel

Extras

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