2243-2245 Ashby Ave - Apartments FOR SALE


Berkeley, CA 94705- South Berkeley
$3,200,000 USD
415-866-6470
2243-2245 Ashby Ave, Berkeley, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/18
null | 5.71% Cap Rate

2243-2245 Ashby Ave
Berkeley, CA 94705
South Berkeley


HIGHLIGHTS

  • Prime Berkeley location with 93 Walk Score
  • Roofs updated in 2023, new exterior paint, updated hardwood floors
  • Fully leased 5-unit multifamily property
  • Mix: 6BR/2BA, 3BR/2BA, 2BR/1BA, and two 1BR/1BA units
  • Approved ADU plans for 2BR/2BA basement unit
  • 4 of 5 units remodeled since 2020

OVERVIEW

Fully leased, approved ADU expansion, upside through parking/storage

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$582 USD /SF

# OF UNITS

5

PRICE/UNIT

$640,000

CAP RATE

5.71%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,600 SF

ZONING

R2-A

APN/PARCEL ID

052-1580-013-00

ASK ABOUT THIS PROPERTY

Michael YoungAiCRE PartnersMore Info
415-866-6470

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Michael YoungAiCRE PartnersMore Info
415-866-6470

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