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

John Herkenrath

+1(310) 221-2910
$2,028,000
Est. payment /mo
7,400 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

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

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CRMLS – RECore
Listed by Eymon Binesh Marcus & Millichap
John Herkenrath

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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