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Listed by Eymon Binesh • Marcus & Millichap
$2,028,000
Est. payment /mo
4 Beds
2 Baths
6,576 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,576 sqft
Price per Sqft $308
MLS Listing ID ML82016262
Bedrooms 4
Full Baths 2
Year Built 1961
Lot Size 7,400 Sqft
Property Sub-Type Five or More Units
Property 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.
Location
State CA
County Alameda
Area Berkeley Map Area 2
Zoning R3
Interior
Heating Gas
Cooling None
Laundry Washer/Dryer - Some Units
Exterior
Parking Features Assigned Spaces, Covered Parking, Off-Street Parking, Uncovered Parking
Garage Spaces 8.0
Utilities Available Propane On Site, Public Utilities
Roof Type Rolled Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 53-1623-14-1
Security Features None
Special Listing Condition Not Applicable
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