Berkeley, CA 94705,2235 Ashby Ave

$2,750,000

$2,900,000

5.2%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

7,011 SqFt


SOLD DATE : 09/19/2022

Key Details

Sold Price $2,750,000

Property Type Commercial

Sub Type Apt Complex

Listing Status Sold

Purchase Type For Sale

Square Footage 7,011 sqft

Price per Sqft $392

MLS Listing ID 40997976

Sold Date 09/19/22

HOA Y/N No

Year Built 1962

Lot Size 6,800 Sqft

Acres 0.16

Property Sub-Type Apt Complex

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

Rooms

Basement Storage Space

Interior

Interior Features Storage

Heating Natural Gas, Wall Furnace

Cooling None

Flooring Hardwood, Tile, Vinyl, Carpet

Fireplace No

Appliance Dryer, Washer, Gas Water Heater

Laundry 220 Volt Outlet, Common Area, Dryer, Washer

Exterior

Utilities Available Individual Electric Meter, Individual Gas Meter

View Y/N true

View Bay Bridge, Golden Gate Bridge, Hills, San Francisco

Building

Lot Description Back Yard, Landscape Front, Paved, Landscape Back

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 52158014

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Bridge MLS
Listed by Joey Wang • Keller Williams Realty
Bought with BevanLew

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agent
Kenneth Jamaca

Managing Broker | REALTOR | License ID: 02080040

+1(925) 413-1849 | kenneth@jcastlegroup.com

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