Listed by Marcus & Millichap - San Francisco
$2,000,000
1314-1316 Ashby Ave
Details
APN 53-1624-28
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,800
Net Rentable (SqFt) 3,800
Units 5
Cap Rate 6.49%
NOI $129,860
Pro-Forma Cap Rate 6.49%
Pro-Forma NOI $129,860
Price per SqFt $526
Year Built 1954
Buildings 2
Stories 2
Acreage 0.140
Multifamily | 5 Units | $400,000/unit
Marketing description
1314-1316 Ashby Ave in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises four upgraded two-bedroom units and one spacious four-bedroom unit, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market.
In addition to the appealing unit mix, the property features individually metered water for
each unit, providing operational efficiency and savings for the owner.
Investment highlights
Ideal unit mix of (4) 2-Bed/2-Bath & (1) 4-Bed/2-Bath units
Individually metered water for each unit
Delivered 100% vacant
Near Ashby BART station
Near major highways
Listing Contacts
Listed by Marcus & Millichap - San Francisco
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$129,860.00
$10,821.67/mo
Valuation Metrics
0
DSCR
6.49%
Cap Rate
6.49%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Brokerage Address
Is there information that looks off?
