2235 Ashby Ave

Berkeley, CA, 94705

$2,750,000

$392 per ft²
$2,750,000
$392 per ft²
Sold
Sold
carpenters-square
7,011 ft²
property_type
Commercial
calendar
Built 1962
8-unit multifamily (7 x 2BR/1BA, 1 x 3BR/2BA) near the border of North Oakland + Berkeley—this is 2235 Ashby Avenue. Ideally situated between Shattuck and Telegraph avenues, this listing is near almost anything tenants could ever want: Whole Foods, Trader Joe’s, Walgreens, BART, UC Berkeley, & more! Proximity to the Cal campus ensures vacancies are always short-lived, and that turnover is predictable (allowing owners to regularly resent rents at market rates). 7 of 8 units are individually metered to ensure maximum managerial convenience and the lowest operational costs possible—this includes HOT water, as each unit comes with its own water heater. It’s also important to note the property features an 8-car parking lot which aids in the attraction of prospective tenants willing to pay above the market rate for a unit. 2235 Ashby Avenue is an investment with major potential—property comes with an approximate +20% upside when examining the current rents versus the expected market rents.
MLS® ID:
40997976
Listed:
6/15/22
Updated:
10/6/22

Interior Features

Kitchen Appliances
Dryer, Washer, Gas Water Heater
Total Bedrooms
0
Total Bathrooms
0
Interior Features
Storage
Laundry Description
220 Volt Outlet, Common Area, Dryer, Washer
Floor Description
Hardwood, Tile, Vinyl, Carpet
Cooling
None
Heating
Natural Gas, Wall Furnace

Exterior/Building Features

Lot Size
6,800 ft² lot
Lot Details
Back Yard, Landscape Back, Paved
Sewer
Public Sewer

Other Property Details

Area Name
Berkeley Map Area 9
Garage
No
Parking
Parking Lot, Space Per Unit - 1, Uncovered Park Spaces 2
View
Y
County
Alameda
Utilities
Individual Electric Meter, Individual Gas Meter
Water Source
Public
Pool
No

Property History

Date
Event
Price
Value
9/19/22
Sold
-
-
9/19/22
Price Change
$2,750,000
-5%
7/16/22
Pending
-
-

Courtesy of Keller Williams Realty, Joey Wang,
Listing Contact:  

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