Berkeley Mixed-Use Investment
2110 Ashby Ave Berkeley, CA 94705
2110 Ashby Ave, Berkeley, CA, 94705
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For Sale
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Mixed-use commercial building in Berkeley's Elmwood neighborhood.
Property Size6,600 SF
Price / SF$318.18
Days on Market541
Property Features for 2110 Ashby Ave
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1904
Listing agency
Better Home and Gardens Real Estate Reliance Company
(510) 853-8810
Listed by
Anna Li · License #CA 21350045
Source
Crexi
Added: Jan 27, 2025 Updated: Jul 10 at 3:40PM Checked: Jul 21 at 1:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Home and Gardens Real Estate Reliance Company
Investment Insights
Based on property information with market context.
Located in Berkeley's Elmwood neighborhood, this mixed-use commercial building presents an investment opportunity with potential for income and long-term tenants. The property is fully occupied and most units are well-maintained. On-site laundry and garden areas contribute to tenant satisfaction. Seismic upgrades and dual-pane windows have been implemented. A detached storage unit offers versatile usage options and potential for conversion into an Accessory Dwelling Unit (ADU), further increasing income potential. The property is near the Ashby BART station and offers easy freeway access. Proximity to Berkeley Bowl, Whole Foods, local shops, dining, and UC Berkeley ensures a steady flow of potential tenants and business clients. The current actual cap rate is 5.9%. The property size is 6,600 square feet.
Key Highlights
- Prime location in Berkeley's Elmwood neighborhood, near Ashby BART, freeway access, Berkeley Bowl, Whole Foods, local shops/dining, and UC Berkeley.
- Current actual cap rate of 5.9% with upside potential and stable income from long‑term tenants.
- Mix‑used commercial building that is fully occupied with well‑maintained units.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $251.1k | $38.04 |
| − Vacancy | −$12.6k | −$1.90 |
| EGI | $238.5k | $36.14 |
| − OpEx | −$107.3k | −$16.26 |
| NOI | $131.2k | $19.88 |
6,600 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.64M – $2.19M
NOI $131,181 @ 7.0% cap · market cap 6.25%
Second Best
Mixed Use
$1.76M
$1.54M – $2.05M
NOI $122,958 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$2.55M
$2.23M – $2.98M
NOI $178,675 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Magnetic Arts
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use commercial building in Berkeley's Elmwood neighborhood.
Where is this mixed-use property located?
The property is located at 2110 Ashby Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Prime location in Berkeley's Elmwood neighborhood, near Ashby BART, freeway access, Berkeley Bowl, Whole Foods, local shops/dining, and UC Berkeley.; Current actual cap rate of 5.9% with upside potential and stable income from long‑term tenants.; Mix‑used commercial building that is fully occupied with well‑maintained units.
