Berkeley Multifamily Property For
For Sale
$2,000,000
Ashby Ave, Berkeley, CA 94702
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 Market435
Property Features for Ashby Ave
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.14 Acres
Property subtype
Commercial
Amenities
Carpet Flooring
Tile Flooring
Wall Furnace Heating
Building Details
Year Built
1954
Listing Agency:
MARCUS & MILLICHAP
(415) 625-2160
Listed By:
EMIL JELLINEK · License #02242403
(510) 384-1417
Source:
Corcoran
Added: Aug 11, 2025
Changed: Oct 14
Last Checked: Oct 16 at 9:08AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,241
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,820
$1.7M
Cap Rate 7%
$1,232,014
$1.2M
Cap Rate 9%
$958,233
$958.2K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$130.0K $34.20/SF
− Vacancy
−$6.8K −$1.78/SF
EGI
$123.2K $32.42/SF
− OpEx
−$37.0K −$9.73/SF
NOI
$86.2K $22.70/SF
Area
Berkeley, CA
Vacancy
5.20%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,820
Cap Rate 7%
$1,232,014
Cap Rate 9%
$958,233
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,918
Businesses Nearby
Explore this area
Business Placement
Demographics for 94702, CA
17,637
Population
8,209
Households
2.1
Avg Household Size
39
Median Age
65%
College-Educated
95%
High-School Grad
1.3 sq mi
ZIP Area
13,567
Density / Sq Mi
$99,135
Median Household Income
$66,516
Median Earnings
$1,974
Median Rent
$1,168,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
