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About the Listing ML88226 - ML5082979
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.
Listing Highlights for 1327 Ashby Ave
Status
Pending
Days on Site
88
Property Type
Commercial Sale
MLS ®
ML82016262
Year Built
1961
Total Square Footage
6,576
Lot/Acreage
N/A
County
Alameda
Area
699 - Not Defined
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: R3
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $35,776
- Taxes w/Assessments: N/A
- Tax/Property ID: 531623141
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Listing Location
Questions About..
1327 Ashby Ave Berkeley, CA 94702
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