CA > Berkeley
Berkeley, CA 94702,1327 Ashby AVE
Berkeley, CA 94702,1327 Ashby AVE
Berkeley, CA 94702,1327 Ashby AVE
Berkeley, CA 94702,1327 Ashby AVE
Berkeley, CA 94702,1327 Ashby AVE
Berkeley, CA 94702,1327 Ashby AVE
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John Faylor

John Faylor

+1(408) 605-8133
Listed by Eymon Binesh • Marcus & Millichap
$ 2,028,000
Est. payment | /mo

4 Beds

2 Baths

6,576 SqFt

Save
$ 2,028,000
Est. payment | /mo
Save

4 Beds

2 Baths

6,576 SqFt

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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agent
John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA, 95050

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1327 Ashby AVE