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2218 Ashby Ave
Berkeley, CA 94705
Multifamily Property For Sale
·
5 Units
PROPERTY FACTS
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 2,659 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1895 |
| Building Class | B | ||
| Zoning | R-2A - Restricted Two Family Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 2,659 SF |
| No. Stories | 2 |
| Year Built | 1895 |
| Zoning | R-2A - Restricted Two Family Residential |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- Gas Range
- Public Transportation
ABOUT 2218 ASHBY AVE , BERKELEY, CA 94705
Why consider 2218 Ashby avenue? Not only is the property well maintained, but it’s clad in amenities like a secured front entrance, a private front yard, a private backyard, and even a unit that will be delivered vacant upon purchase. For those units not currently vacant, new owners need not worry—the current rents are below the market rate (as of right now, there’s an estimated 70% rent gap) which means there’s substantial earning potential for the future. Moreover, the property is compliant with Berkeley’s Exterior Elevated Elements Program (E3) which means all projecting exterior elevated wood and metal decks, balconies, decks, landings, stairway systems, walkways, guardrails, handrails, and their respective parts are up to code and in safe conditions so no updates need be made. Structural perks aside, 2218 Ashby is ideally positioned next to the Elmwood neighborhood—a five-minute walk from the commercial corridors of Shattuck Avenue and Telegraph Avenue, the property is near everything potential renters are looking for when they move to Berkeley, including easy access to BART (Ashby station), Berkeley Bowl, Whole Foods, and the UC Berkeley Campus.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | $735.00 | 448 |
| 1+1 | 4 | $1,579 | 440 - 571 |
PROPERTY TAXES
| Parcel Number | 052-1583-005-00 | Improvements Assessment | $795,900 |
| Land Assessment | $530,600 | Total Assessment | $1,326,500 |
PROPERTY TAXES
