2110 Ashby Ave, Berkeley 12 units
12 Unit Apartment Building | $2,398,000 ($199,833/Unit) | 5.49% Cap Rate | Berkeley, CA 94705
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,398,000
- Property Type
-
Multifamily
- Square Feet
- 20,454 SF
Listing Contacts
Anna Li
Verified Profile
Derek Han
Verified Profile
- Property Info
Property Overview
Price reduction! Welcome to 2110 Ashby Ave, a premier mixed-use 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. There are 10 residential units, and 2 storefront retail units. The property is in high demand and is fully occupied. Most of the units are well maintained, the laundry unit is on-site, bonus garden areas ensure a high level of tenant satisfaction, seismic upgrades are completed, dual pane windows, and much more. Additionally, the property includes a bonus detached storage unit, which provides versatile usage options and holds the potential for conversion into an ADU.
further increasing the property's income-generating capabilities. Conveniently located, near Ashby Bart station, easy freeway access, close Berkeley Bowl, Whole Foods, and all the local shops and dining, and a 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.
further increasing the property's income-generating capabilities. Conveniently located, near Ashby Bart station, easy freeway access, close Berkeley Bowl, Whole Foods, and all the local shops and dining, and a 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.
Property Details
- Class
- C
- Year Built/Renovated
- 1917/2018
- Stories
- 3
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 5,227 SF
- Units
- 12
Highlights
- Located in the heart of Berkeley's Elmwood neighborhood
- Excellent upside opportunity
- The property is in high demand with no vacancy
- Seismic upgrade completed. dual pane windows
- Conveniently located, near Ashby Bart station, easy access to freeway. Close to UC Berkeley.
- ADU conversion potential. Well-kept property.
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