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1314-1316 Ashby Ave 5 Unit Apartment Building $2,000,000 ($400,000/Unit) 6.49% Cap Rate Berkeley, CA 94702
INVESTMENT HIGHLIGHTS
- Ideal unit mix of (4) 2-Bed/1-Bath & (1) 4-Bed/2-Bath units
- Individually metered water for each unit
- Near Major highways
- Delivered 100% vacant
- Near the Ashby BART station
EXECUTIVE SUMMARY
1314-1316 Ashby Ave in Berkeley, CA, presents a rare opportunity for investors seeking a well-maintained asset in a great location. The property comprises four upgraded
two-bedroom units and one spacious four-bedroom unit, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market.
In addition to the appealing unit mix, the property features individually metered water for
each unit, providing operational efficiency and savings for the owner.
two-bedroom units and one spacious four-bedroom unit, each thoughtfully renovated to provide modern amenities with high-quality finishes. These upgrades ensure that the property remains competitive in the rental market.
In addition to the appealing unit mix, the property features individually metered water for
each unit, providing operational efficiency and savings for the owner.
PROPERTY FACTS
| Price | $2,000,000 | Property Subtype | Apartment |
| Price Per Unit | $400,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.49% | Lot Size | 0.14 AC |
| Sale Condition | High Vacancy Property | Building Size | 3,495 SF |
| Gross Rent Multiplier | 9.8 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1954 |
| Property Type | Multifamily | Parking Ratio | 0.6/1,000 SF |
| Zoning | R-3, Berkeley | ||
| Price | $2,000,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| Sale Condition | High Vacancy Property |
| Gross Rent Multiplier | 9.8 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 3,495 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.6/1,000 SF |
| Zoning | R-3, Berkeley |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 908 |
| 4+2 | 1 | - | 1,361 |
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Biker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 053-1624-028-00 | Improvements Assessment | $813,214 |
| Land Assessment | $365,357 | Total Assessment | $1,178,571 |
PROPERTY TAXES
Parcel Number
053-1624-028-00
Land Assessment
$365,357
Improvements Assessment
$813,214
Total Assessment
$1,178,571
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1314-1316 Ashby Ave
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