CA
Alameda
BERKELEY
94702
1327 Ashby Avenue
1327 Ashby Avenue, BERKELEY, CA 94702
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Listing Type
Multi Family
Listing Status
active
12
$2,028,000

Home Details for 1327 Ashby Avenue

Price
$2,028,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
6576
Year built
1961
Lot size acres
0.1699
County
Alameda
Garage
8
Days on site
49
MLS Listing#
ML82016262
Listed By: Marcus & Millichap - 650-391-1700
Presented by: Eymon Binesh
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.

Property Features
  • Parking
    • Off Street
    • Assigned
    • Covered
  • Cooling Information
    • None
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Propane
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-08-07 01:45:29
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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