1327 Ashby Ave - Apartments FOR SALE


Berkeley, CA 94702- Southwest Berkeley
$2,028,000 USD
650-546-1030
1327 Ashby Ave, Berkeley, CA for Sale
$2,028,000 USD
Apartments - FOR SALE
1/8
null | 6.46% Cap Rate

1327 Ashby Ave
Berkeley, CA 94702
Southwest Berkeley


HIGHLIGHTS

  • Exceptional Berkeley Investment Opportunity - exceptional multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Convenient Unit Amenities - amenities including private covered parking, in-unit washers and dryers in select units, and an on-site laundry facility.
  • Extensive Capital Improvements - including a new roof in 2021, select units complete interior renovations, new windows, and replaced main sewer pipe.
  • Excellent Neighborhood - diverse, lively neighborhood known for its cultural history, community spirit, and artistic air.

OVERVIEW

1327 Ashby Ave is a stunning 8-unit apartment complex located in the thriving city of Berkeley, California. Situated on a 7,400 square foot parcel of land, the subject property was originally constructed in 1961 and has a gross building area of approximately 6,576 square feet, offering its tenants 100% beautifully designed two-bedroom floor plans. The subject property is located within close proximity to the University of California, Berkeley and Downtown Berkeley's Shattuck Ave, home to a myriad of shopping, dining, and entertainment options. UC Berkeley is an internationally recognized University and prides itself on being the number one public university in the nation and the fourth best globally. Berkeley is a major transportation hub with several Bay Area rapid transit system (BART) stops and is intersected by several interstate freeways. Residents in Berkeley have convenient commuting options to San Francisco and the greater Bay Area providing close proximity to many of the nation's top tech employers including Google, Apple, Facebook, IBM, LinkedIn, Microsoft, Intel, Adobe Systems, Cisco Systems, Yahoo, as well as many others. The investment appeal of this asset is driven by Berkeley’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of East Bay, 1327 Ashby Ave presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

FOR SALE DETAILS

PRICE

$2,028,000 USD

PRICE/SF

$226 USD /SF

# OF UNITS

8

PRICE/UNIT

$253,500

CAP RATE

6.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,401 SF

ZONING

-

APN/PARCEL ID

053-1623-014-01

ASK ABOUT THIS PROPERTY

Eymon BineshMarcus & MillichapMore Info
650-546-1030

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Eymon BineshMarcus & MillichapMore Info
650-546-1030

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