Berkeley Multifamily Property For
Ashby Ave Berkeley, CA 94702
Ashby Ave, Berkeley, CA, 94702
$2,000,000
For Sale
$2,000,000
Well-maintained multifamily property with upgraded units in a prime location.
Property Size3,800 SF
Lot Size0.14 Acres
Price / SF$526.32
Days on Market344
Property Features for Ashby Ave
General Information
- Standard status
- Active
- Size
- 3,800 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing Agency
MARCUS & MILLICHAP
(415) 625-2160
Listed by
EMIL JELLINEK · License #02242403
Source
Corcoran
Added: Aug 11, 2025 Checked: Jul 19 at 4:03 am
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 MARCUS & MILLICHAP
Investment Insights
Based on property information with market context.
Located on Ashby Ave in Berkeley, CA, this property offers an investment opportunity with a well-maintained asset. The property includes four upgraded two-bedroom units and one four-bedroom unit. Each unit has been renovated with modern amenities and high-quality finishes. The property also features individually metered water for each unit.
Key Highlights
- Five units: Four upgraded 2‑bedroom units and one spacious 4‑bedroom unit.
- Individually metered water for each unit.
- Upgraded units with modern amenities and high‑quality finishes.
Local Financial Insights For Multifamily LT 5
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 | $130.0k | $34.20 |
| − Vacancy | −$6.8k | −$1.78 |
| EGI | $123.2k | $32.42 |
| − OpEx | −$37.0k | −$9.73 |
| NOI | $86.2k | $22.70 |
3,800 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.23M
$1.08M – $1.44M
NOI $86,241 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$1.08M
$944.1K – $1.26M
NOI $75,528 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$1.47M
$1.29M – $1.71M
NOI $102,874 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Well-maintained multifamily property with upgraded units in a prime location.
Where is this quadplex located?
The property is located at Ashby Ave Berkeley, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Five units: Four upgraded 2‑bedroom units and one spacious 4‑bedroom unit.; Individually metered water for each unit.; Upgraded units with modern amenities and high‑quality finishes.
