Ashby Avenue, Berkeley, California 94702
Listed By Marcus & Millichap
The Commercial Property for Sale located at Berkeley, California 94702 is currently for sale. Berkeley, California 94702 is listed for $2,028,000. If the property located at Berkeley, California 94702 isn't what you're looking for, visit https://haussmannrealty.xomio.com to see other Commercial Properties for Sale in Berkeley .
Date Updated : Aug 2, 2025
MLS#: 374937352
$2,028,000 USD
- Minimum sellable space
611 m² (6,576 ft²)
Property features
Construction details
- Year built: 1961
Other features
- Carport Spaces: 8
Area
- Property size:
611 m² (6,576 ft²) - Land/Lot size:
687 m² (7,400 ft²)
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
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