2110 Ashby Ave - Apartments FOR SALE


Berkeley, CA 94705- South Berkeley
$2,398,000 USD
510-853-8810
2110 Ashby Ave, Berkeley, CA for Sale
$2,398,000 USD
Apartments - FOR SALE
1/59
null | 5.49% Cap Rate

2110 Ashby Ave
Berkeley, CA 94705
South Berkeley


HIGHLIGHTS

  • Located in the heart of Berkeley's Elmwood neighborhood
  • Excellent upside opportunity
  • The property is in high demand with no vacancy
  • Seismic upgrade completed. dual pane windows
  • Conveniently located, near Ashby Bart station, easy access to freeway. Close to UC Berkeley.
  • ADU conversion potential. Well-kept property.

OVERVIEW

Price reduction! Welcome to 2110 Ashby Ave, a premier mixed-use commercial building located in the heart of Berkeley's Elmwood neighborhood, offering an exceptional investment opportunity with upside, and stable income from long-term tenants. There are 10 residential units, and 2 storefront retail units. The property is in high demand and is fully occupied. Most of the units are well maintained, the laundry unit is on-site, bonus garden areas ensure a high level of tenant satisfaction, seismic upgrades are completed, dual pane windows, and much more. Additionally, the property includes a bonus detached storage unit, which provides versatile usage options and holds the potential for conversion into an ADU. further increasing the property's income-generating capabilities. Conveniently located, near Ashby Bart station, easy freeway access, close Berkeley Bowl, Whole Foods, and all the local shops and dining, and a short ride to UC Berkeley, this prime location ensures a steady flow of potential tenants and business clients. Investors will appreciate the consistent and reliable rental income, coupled with the opportunity for rent increases and property appreciation over time. Whether you are looking to expand your portfolio or secure a stable income-producing asset, invest in 2110 Ashby Ave, a property that promises stability, potential growth, and an unbeatable location.

FOR SALE DETAILS

PRICE

$2,398,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

12

PRICE/UNIT

$199,833

CAP RATE

5.49%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2110 Ashby Ave, Berkeley 12 units

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,200 SF

ZONING

Mixed Use

APN/PARCEL ID

053-1587-020-01

ASK ABOUT THIS PROPERTY

Anna LiBHGRE CommercialMore Info
510-853-8810

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Anna LiBHGRE CommercialMore Info
510-853-8810

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.