2235 Ashby Ave, Berkeley, CA 94705
Property · 2 recorded sales since 2014
Sold September 2022
Listing Agent: Joey Wang (DRE #01890931) · Listing Office: Keller Williams Realty · Contact: 925-934-2900 · Bought with: Bevan Lew · Capital Properties · MLS #40997976 · Source: CRMLS
About this property
8-unit multifamily (7 x 2BR/1BA, 1 x 3BR/2BA) near the border of North Oakland + Berkeley—this is 2235 Ashby Avenue. Ideally situated between Shattuck and Telegraph avenues, this listing is near almost anything tenants could ever want: Whole Foods, Trader Joe’s, Walgreens, BART, UC Berkeley, & more! Proximity to the Cal campus ensures vacancies are always short-lived, and that turnover is predictable (allowing owners to regularly resent rents at market rates). 7 of 8 units are individually metered to ensure maximum managerial convenience and the lowest operational costs possible—this includes HOT water, as each unit comes with its own water heater. It’s also important to note the property features an 8-car parking lot which aids in the attraction of prospective tenants willing to pay above the market rate for a unit. 2235 Ashby Avenue is an investment with major potential—property comes with an approximate +20% upside when examining the current rents versus the expected market rents.
Listing description from the September 2022 sale, as reported to CRMLS.
Sale history
