1. California
2. Berkeley
3. 1327 Ashby Avenue

1327 Ashby Avenue, Berkeley, CA 94702

• 6,576 sqft

Property Description

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.

Listing Status:

Active

Date Added:

July 29, 2025 at 05:00AM

Listing Office:

Marcus & Millichap : (650) 391-1700

Listing Agent:

Eymon Binesh : 650-546-1030

MLS ID:

ML82016262

Interior

• A/C: None

Exterior

Location

Lot

Utilities

Financial

This listing courtesy of Eymon Binesh, Marcus & Millichap