1314-1316 Ashby Ave - Apartments FOR SALE


Berkeley, CA 94702- Southwest Berkeley
$2,000,000 USD
510-384-1417
1314-1316 Ashby Ave, Berkeley, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/8
null | 6.49% Cap Rate

1314-1316 Ashby Ave
Berkeley, CA 94702
Southwest Berkeley


HIGHLIGHTS

  • Ideal unit mix of (4) 2-Bed/1-Bath & (1) 4-Bed/2-Bath units
  • Delivered 100% vacant
  • Individually metered water for each unit
  • Near the Ashby BART station
  • Near Major highways

OVERVIEW

1314-1316 Ashby Ave in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises four upgraded two-bedroom units and one spacious four-bedroom unit, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market. In addition to the appealing unit mix, the property features individually metered water for each unit, providing operational efficiency and savings for the owner.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$572 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

6.49%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,011 SF

ZONING

R-3, Berkeley

APN/PARCEL ID

053-1624-028-00

ASK ABOUT THIS PROPERTY

Emil JellinekMarcus & MillichapMore Info
510-384-1417

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Emil JellinekMarcus & MillichapMore Info
510-384-1417

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.