Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2110 Ashby Ave Berkeley, CA 94705

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    12-unit building, 5.49% cap rate

    Property size:
    6,600 SF

    Property Features for 2110 Ashby Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    6,600 SF

    Building Details

    Year Built/Renovated
    1904/2018
    Buildings
    1
    Stories
    3
    Units
    12

    We can help!

    Listing Contact
    Anna Li
    Anna Li

    Listing Agency: BETTER HOMES AND GARDENS RP Listing Agent: Anna Li

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 12-unit apartment building at 2110 Ashby Avenue in Berkeley, CA. The property boasts 6,600 square feet of net rentable space across three stories, situated on a 5,200 square foot lot. Built in 1904 and extensively renovated in 2018, the building features a mix of commercial and residential uses, permitted under Commercial/Office/Residential/Mixed Use zoning. Currently generating a Net Operating Income (NOI) of $159,365, representing a 5.49% capitalization rate with a pro-forma cap rate of 6.64%. The asking price is $2,398,000, translating to $363 per square foot and $213 per unit. The property includes a detached storage unit with potential for conversion. Significant upgrades include seismic improvements and dual-pane windows. Located in Berkeley's Elmwood neighborhood, this fully occupied building benefits from its proximity to Ashby BART station, freeways, and numerous amenities, including Berkeley Bowl and Whole Foods. The property's strong tenant base, combined with the potential for rent increases and property appreciation, makes it an attractive investment for those seeking a stable, income-producing asset in a prime location. The Alameda County Assessor's Parcel Number (APN) is 053-1587-020-01. The land value is $461 per square foot. Leases are gross.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Magnetic Arts Tattoo & Piercing Shop

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berkeley
    County
    Alameda
    State
    California
    Longitude
    -122.2658983
    Latitude
    37.8552001

    Nearby Similar for Sale

    • $499,000
      Pending

      Light-Filled Office Suite in Berkeley

      Prime location office space with private offices and parking.
      817 Delaware St, Berkeley, CA 94710
      View Details
    • $948,888
      1,265 SF

      Berkeley Duplex Near UC Berkeley

      Duplex in Berkeley near schools, shopping, and public transportation.
      2350-2352 Sacramento St, Berkeley, CA 94702
      View Details
    • New
      $1,495,000
      2,819 SF

      Berkeley Fourplex Near U.C. Berkeley

      Fourplex in prime Berkeley location with development potential.
      2923 Wheeler St, Berkeley, CA 94705
      View Details
    • $2,290,000
      3,820 SF

      1633 University Ave

      Prime Office Building near Downtown Berkeley
      1633 University Ave, Berkeley, CA 94703
      View Details
    • New
      $1,150,000
      2,284 SF

      Berkeley Multifamily Investment Opportunity

      Three units on a corner lot in Berkeley's Gilman District.
      995 Virginia St, Berkeley, CA 94710
      View Details
    • $700,000
      904 SF

      Retail Building with Income Potential

      904 SF retail building with income in Berkeley, CA.
      2008 Mcgee Ave, Berkeley, CA 94703
      View Details
    • $2,500,000
      5,788 SF

      Freestanding Office Building For Sale

      Two-story office building with gated parking in Berkeley, CA.
      725 Folger Ave, Berkeley, CA 94710
      View Details
    • $5,627,000

      Mixed-Use Asset in North Berkeley

      Fully occupied mixed-use building with retail and office suites.
      1752-1760 Solano Ave, Berkeley, CA 94707
      View Details
    • Contact for pricing

      Wells Fargo Bank in Berkeley

      Corporate Wells Fargo lease in affluent Berkeley submarket.
      1800 Solano Ave, Berkeley, CA 94707
      View Details
    • $1,725,000
      4,566 SF

      Retail Building in North Berkeley

      Multi-tenant retail property in established residential neighborhood.
      Berkeley, CA 94707
      View Details
    • Contact for pricing

      Berkeley Office Space For Sale

      Light-filled office space in a Victorian building on Shattuck Avenue.
      1543 Shattuck Ave, Berkeley, CA 94709
      View Details
    • $80,000

      Asian Fusion Restaurant Opportunity

      Fully operational restaurant near UC Berkeley with high foot traffic.
      2993 College Ave, Berkeley, CA 94705
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 12-unit building, 5.49% cap rate
    Where is this multifamily property located?
    The property is located at 2110 Ashby Ave Berkeley, CA.
    What is the asking price?
    The asking price for this property is $2,398,000.
    What are key features of this property?
    This property features: 12-unit apartment building in Berkeley, CA, with 6,600 square feet of net rentable space on a 5,200 square foot lot.; Built in 1904, extensively renovated in 2018, with Commercial/Office/Residential/Mixed Use zoning.; $2,398,000 asking price, generating a $159,365 NOI (5.49% cap rate, 6.64% pro-forma cap rate).
    (510) 853-8810 Call to check price and availability
    Request Owner's contact information
    2110 Ashby Ave Berkeley, CA 94705
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2110 Ashby Ave
    Berkeley, CA 94705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2110 Ashby Ave Berkeley, CA 94705
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anna Li
    Anna Li
    Real Estate License ID: 21350045
    (510) 853-8810 (510) 528-4500 (510) 868-1400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!