Presented by
Michael Feiner
Exceptional Berkeley Investment
1325-1327 Ashby Avenue, Berkeley
|$2,300,000
First time on the market - ever!
Welcome to 1325-1327 Ashby Avenue
This property is comprised of 8 units in 2 two-story buildings.
1325 Ashby has four 2bd/1ba apartments of 694 square feet* with on-site shared laundry room.
1327 Ashby has four 2bd/1ba apartments of 950 square feet* with in-unit washer/dryer (2 units vacant – set your own rental rate!).
Each unit is individually metered for PGE (gas & electric) and EBMUD (water) making property management a snap.
Each unit has a dedicated off-street parking space.
Built by the Sellers in 1961, these wood frame with stucco exterior buildings total 6,576 square feet* on a large 7,400 square foot* lot and are very low maintenance. Improvements include interior renovations, electric sub-panel upgrades, new roof-gutters-downspouts and new dual pane windows.
Prime location conveniently located near Ashby BART station, easy access to freeway and public transportation, close to Berkeley Bowl, local shops, cafes and parks, minutes to UC Berkeley and downtown. 99 Bikers Paradise Score and 75 Very Walkable Score.
Don’t miss out on this exceptional investment with upside potential - stable income, opportunity for rent increases and property appreciation over time. Cap Rate 7.1% and GRM 11.55.
*Square footage not verified or guaranteed by the Seller or Listing Agent. Buyers encouraged to verify the square footage of building and lot size and conduct and rely solely on their own investigations. Neither Seller or Listing Agent has investigated or verified the accuracy of any of these sources of information.
MLS#41081598
1325 Ashby has four 2bd/1ba apartments of 694 square feet* with on-site shared laundry room.
1327 Ashby has four 2bd/1ba apartments of 950 square feet* with in-unit washer/dryer (2 units vacant – set your own rental rate!).
Each unit is individually metered for PGE (gas & electric) and EBMUD (water) making property management a snap.
Each unit has a dedicated off-street parking space.
Built by the Sellers in 1961, these wood frame with stucco exterior buildings total 6,576 square feet* on a large 7,400 square foot* lot and are very low maintenance. Improvements include interior renovations, electric sub-panel upgrades, new roof-gutters-downspouts and new dual pane windows.
Prime location conveniently located near Ashby BART station, easy access to freeway and public transportation, close to Berkeley Bowl, local shops, cafes and parks, minutes to UC Berkeley and downtown. 99 Bikers Paradise Score and 75 Very Walkable Score.
Don’t miss out on this exceptional investment with upside potential - stable income, opportunity for rent increases and property appreciation over time. Cap Rate 7.1% and GRM 11.55.
*Square footage not verified or guaranteed by the Seller or Listing Agent. Buyers encouraged to verify the square footage of building and lot size and conduct and rely solely on their own investigations. Neither Seller or Listing Agent has investigated or verified the accuracy of any of these sources of information.
MLS#41081598
Neighborhood
West of San Pablo Avenue and east of the San Francisco Bay sits West Berkeley. Previously known as Ocean View, West Berkeley sits at an average elevation of just 23 feet.
Historically an industrial area, West Berkeley now has plenty of commerce, anchored by the 4th Street district. Visitors to this part of the neighborhood will find dozens of shops, cafes, and restaurants. A number of businesses and eateries also line the Gilman Street corridor.
West Berkeley is home to the Berkeley Marina, McLaughlin Eastshore State Park, and horse-racing facility Golden Gate Fields -- all great places to enjoy a sunny afternoon. Interstate 80 offers a direct drive into San Francisco, and two local Alameda-Contra Costa Transit buses offer transbay service. The Delaware Street Historic District has many quaint houses and several city landmarks.
Historically an industrial area, West Berkeley now has plenty of commerce, anchored by the 4th Street district. Visitors to this part of the neighborhood will find dozens of shops, cafes, and restaurants. A number of businesses and eateries also line the Gilman Street corridor.
West Berkeley is home to the Berkeley Marina, McLaughlin Eastshore State Park, and horse-racing facility Golden Gate Fields -- all great places to enjoy a sunny afternoon. Interstate 80 offers a direct drive into San Francisco, and two local Alameda-Contra Costa Transit buses offer transbay service. The Delaware Street Historic District has many quaint houses and several city landmarks.
Michael Feiner
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Michael Feiner