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18248221
18248220

2110 Ashby Ave, Berkeley, CA 94705

AL
CA CA 21350045
Better Home and Gardens Real Estate Reliance Company
Better Home and Gardens Real Estate Reliance Company
Listed by Better Home and Gardens Real Estate Reliance Company
$2,100,000
494 days on market
Updated 16 days ago
Opportunity zone

2110 Ashby Avenue

Details
APN 053-1587-020-01
Property Type Mixed Use, Multifamily
Sub Type Apartment Building
Square Footage 6,600
Net Rentable (SqFt) 6,600
Units 12
Cap Rate 5.90%
NOI $129,175
Occupancy 100%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 7.38%
Pro-Forma NOI $155,100
Price per SqFt $318
Broker Co-Op Yes
Year Built 1904
Year Renovated 2018
Buildings 1
Stories 3
Lot Size (SqFt) 5,200
Zoning Commercial / Office / Residential / Mixed Use
Investment Type Value Add

Mixed Use | 5.90% CAP | 6,600 SqFt

Marketing description

New Price! Current actual cap rate 5.9%. Welcome to 2110 Ashby Ave, a Premier Mix-used Commercial Building Located in the Heart of Berkeley's Elmwood Neighborhood, Offering an Exceptional Investment Opportunity With Upside and Stable Income From Long-term Tenants. in High Demand, Ashby Ave is Fully Occupied, Most of the Units Are Well Maintained, Laundry Unit on Site, Bonus Garden Areas Ensures a High Level of Tenant Satisfaction, Seismic Upgrades Completed, Dual Pane Windows, and Much More. Additionally, the Property Includes a Bonus Detached Storage Unit, Which Provides Versatile Usage Options and Holds Potential for Conversion Into an Adu. Further Increasing the Property's Income-generating Capabilities. Conveniently Located, Near Ashby Bart Station, Easy Access to Freeway, Close to Berkeley Bowl, Whole Foods, and All the Local Shops and Dining, Short Ride to Uc Berkeley, This Prime Location Ensures a Steady Flow of Potential Tenants and Business Clients. Investors Will Appreciate the Consistent and Reliable Rental Income, Coupled With the Opportunity for Rent Increases and Property Appreciation Over Time. Whether You Are Looking to Expand Your Portfolio or Secure a Stable Income- Producing Asset, Invest in 2110 Ashby Ave, a Property That Promises Stability, Potential Growth, and an Unbeatable Location.

Investment highlights

  1. Located in the heart of Berkeley’s Elmwood neighborhood

  2. Excellent upside opportunity

  3. The property is in the high demand location

  4. Seismic upgrade completed.

  5. Sewer Lateral in complied

  6. Conveniently located, near Ashby BART station. Easy access to freeway. Close to UC Berkeley

  7. High potential ADU conversion.

  8. Well-kept property

Listing Contacts

AL
CA CA 21350045
Better Home and Gardens Real Estate Reliance Company
Better Home and Gardens Real Estate Reliance Company
Listed by Better Home and Gardens Real Estate Reliance Company

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$129,175.00
$10,764.58/mo

Valuation Metrics

0
DSCR
6.15%
Cap Rate
6.15%
ROI

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Additional Information

Name
Anna Li
License
CA 21350045
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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