2235 Ashby Ave, Berkeley, CA 94705
$2,750,000
$2,900,000
5.2%
Est.Price: ?

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6,799 Sqft Lot

2235 Ashby Ave Berkeley, CA 94705

Est. payment /mo
SOLD DATE : 09/19/2022

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Key Details

Sold Price $2,750,000

Property Type Apartment

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 40997976

Sold Date 09/19/22

HOA Y/N No

Year Built 1962

Lot Size 6,799 Sqft

Property Sub-Type Apartment

Property Description

8-unit multifamily (7 x 2BR/1BA, 1 x 3BR/2BA) near the border of North Oakland + Berkeley—this is 2235 Ashby Avenue. Ideally situated between Shattuck and Telegraph avenues, this listing is near almost anything tenants could ever want: Whole Foods, Trader Joe's, Walgreens, BART, UC Berkeley, & more! Proximity to the Cal campus ensures vacancies are always short-lived, and that turnover is predictable (allowing owners to regularly resent rents at market rates). 7 of 8 units are individually metered to ensure maximum managerial convenience and the lowest operational costs possible—this includes HOT water, as each unit comes with its own water heater. It's also important to note the property features an 8-car parking lot which aids in the attraction of prospective tenants willing to pay above the market rate for a unit. 2235 Ashby Avenue is an investment with major potential—property comes with an approximate +20% upside when examining the current rents versus the expected market rents.

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplace No

Appliance Gas Water Heater, Dryer, Washer

Exterior

View Y/N Yes

View Bridge(s), Hills

Total Parking Spaces 8

Others

Tax ID 52158014

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Listed by Joey Wang Keller Williams Realty #01890931
Bought with Bevan Lew Capital Properties
Jessica Lam

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