1327 Ashby Avenue, Berkeley, CA

$2,028,000

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6,576

Square feet

0.17

Acres

About 1327 Ashby Avenue

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.

Features of 1327 Ashby Avenue

MLS® # ML82016262
Price $2,028,000
Square Footage 6,576
Acres 0.17
Year Built 1961
Type COMM RI MULTI-UNITS 5+
Sub-Type Other
Status Pending

Community Information

Address 1327 Ashby Avenue
City Berkeley
County Alameda
State CA
Zip Code 94702

Amenities

Parking Covered, Assigned
Is Waterfront No
Has Pool No

Interior

Appliances Dishwasher, Refrigerator
Heating Natural Gas
Cooling None
Fireplace No

Exterior

Roof Composition

Additional Information

Date Listed July 29th, 2025
Zoning R3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentEymon Binesh
OfficeMarcus & Millichap

Listing Map

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