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Tim Alford & Faye Bon

homes@alfordbon.com +1(408) 832-7698

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

OPEN HOUSE

Wed Aug 06, 11:30am - 1:00pm

Thu Aug 07, 11:30am - 1:00pm

Sat Aug 09, 11:30am - 1:00pm

Key Details

Property Type Multi-Family, 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

Source MLSListings, Inc.

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

Tax ID 53-1623-14-1

Special Listing Condition Not Applicable

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Tim Alford & Faye Bon

REALTOR® | Lic# 01507448 | 01746037

homes@alfordbon.com

+1(408) 832-7698

518 N Santa Cruz Ave, Los Gatos, CA, 95030, USA

1327 Ashby AVE Berkeley, CA 94702

Tim Alford & Faye Bon

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

1327 Ashby AVE