Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82016262
MLS Source
MLSListings, Inc.
Days on Site
25
Interior Features
Appliances
Washer/Dryer - Some Units
Cooling
None
Heating
Gas
Exterior Features
Roof
Rolled/Hot Mop
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Covered Parking, Off-Street Parking, Garage: 8 Car(s)
Elementary District
Berkeley Unified
High School District
Berkeley Unified
Sewer
Public Sewer
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 6 | 8 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 950 | 2 | 1/0 | $1,404 | $2,787 | 4 |
| 2 | 694 | 2 | 1/0 | $928 | $2,787 | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1327 Ashby Ave is a Residential Income in Berkeley, CA 94702. This 6,576 square foot property sits on a 7,400 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,028,000 and was built in 1961. This address can also be written as 1327 Ashby Ave, Berkeley, CA 94702.
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This listing information is up-to-date as of August 17, 2025. For the most current information, please contact Eymon Binesh, (650) 546-1030
