1327 Ashby AVE, Berkeley, CA 94702
- $1,725,000
- 6,576
- SqFt
Listed by Eymon Binesh, 650-546-1030 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Eymon Binesh from M&MKW
- Sold Price
- $1,725,000
- List Price
- $2,028,000
- Closing Date
- Nov 14, 2025
- MLS#
- ML82016262
- Status
- SOLD
- Sqft. of Residence
- 6,576
- Lot Size
- 7,400
- Listing Area
- Berkeley Map Area 2
- Year Built
- 1961
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.
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Additional Information
- Acres
- 0.17
- Age
- 64
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces, Covered Parking, Off-Street Parking, Uncovered Parking
- Heating System
- Gas
- Laundry Facilities
- Washer/Dryer - Some Units
- Living Area
- 6,576
- Lot Size
- 7,400
- Neighborhood
- Berkeley Map Area 2
- Other Utilities
- Propane On Site, Public Utilities
- Roof
- Rolled Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R3
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