12
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$2,028,000
Est. payment /mo
7,400 Sqft Lot
New
1327 Ashby AVE Berkeley, CA 94702
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82016262
HOA Y/N No
Year Built 1961
Annual Tax Amount $35,776
Lot Size 7,400 Sqft
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 699 - Not Defined
Zoning R3
Interior
Cooling None
Fireplace No
Exterior
Carport Spaces 8
Total Parking Spaces 8
Building
Water Public
Schools
School District Other
Others
Tax ID 531623141
Special Listing Condition Standard
Listed by Eymon Binesh Marcus & Millichap