Home | Alameda County | Berkeley | 94702 | 1327 Ashby Ave
MLS: ML82016262 | Status: | Price: $1,725,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 6,576 | 7,400 | 1961 |
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.
| Field | Value |
|---|---|
| MLS # | ML82016262 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Appliances | Washer/Dryer - Some Units |
| Cooling | None |
| Heating | Gas |
| Feature | Details |
|---|---|
| Roof | Rolled/Hot Mop |
| Foundation | Slab |
| Feature | Details |
|---|---|
| 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 |
Eymon Binesh
Marcus & Millichap
License #: 02060059
Phone: (650) 546-1030
| # 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 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Eymon Binesh, (650) 546-1030.