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1921-1931 Ashby Ave
Berkeley, CA 94703
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Lot Size | 0.10 AC |
| Property Type | Multifamily | Building Size | 5,194 SF |
| Property Subtype | Apartment | Average Occupancy | 80% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built/Renovated | 1910/2020 |
| Zoning | C-SA - South Area Commercial | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,194 SF |
| Average Occupancy | 80% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2020 |
| Zoning | C-SA - South Area Commercial |
AMENITIES
SITE AMENITIES
- Laundry Facilities
ABOUT 1921-1931 ASHBY AVE , BERKELEY, CA 94703
Talk about a great location for a rental property! Walk to BART, Berkeley Bowl, cafes, restaurants, theater, shopping, the famous Berkeley Tool Library, Grove Park, This property has been completely remodel. Every unit has high end finishes in every room. You would have thought the architect were moving in! Take a virtual tour of the largest 4bd/2ba unit here. This property consists of five residential apartments, completely renovated with permits and one commercial store front previously used as a carpenter shop, bare and ready for tenant improvement. ALL UNITS ARE VACANT AND READY TO LEASE UP! Shown by Appointment ONLY, subject to COVID-19 Guidelines, Mandates and Orders, etc. etc. Licensed Agent/Broker MUST be present with Buyer at ANY and ALL showings. Bring your own MASK and GLOVES and other COVID-19 protective gear. Year 1 Gross Potential Income $ 240,000 Loss to Lease $ - Gross Scheduled Income $ 240,000 Vacancy/Bad Debt 5.0% Net Rental Income $ 228,000 Other Income $ - Total Income $ 228,000 Expenses: Real Estate Taxes $ 13,000 Insurance $ 2,500 Property Management $ 7,743 Repairs & Maintenance $ 1,800 Utilites $ 600 Total Expenses $ 25,643 NOI $ 202,357 CAP Rate to Purchase Price 6.0%
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $4,945 | 1,584 |
| 3+1 | 1 | $3,850 | 850 |
| 2+1 | 3 | $2,745 | 724 |
PROPERTY TAXES
| Parcel Number | 053-1599-019-00 | Improvements Assessment | $326,004 |
| Land Assessment | $354,109 | Total Assessment | $680,113 |
PROPERTY TAXES
