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2110 Ashby Ave, Berkeley 12 units 2110 Ashby Ave

12 Unit Apartment Building $3,372,547 CAD ($281,046 CAD/Unit) 5.49% Cap Rate Berkeley, CA 94705

Investment Highlights

  • Located in the heart of Berkeley's Elmwood neighborhood
  • The property is in high demand with no vacancy
  • Conveniently located, near Ashby Bart station, easy access to freeway. Close to UC Berkeley.
  • Excellent upside opportunity
  • Seismic upgrade completed. dual pane windows
  • ADU conversion potential. Well-kept property.

Executive Summary

Price reduction! Welcome to 2110 Ashby Ave, a premier mixed-use commercial building located in the heart of Berkeley's Elmwood neighborhood, offering an exceptional investment opportunity with upside, and stable income from long-term tenants. There are 10 residential units, and 2 storefront retail units. The property is in high demand and is fully occupied. Most of the units are well maintained, the laundry unit is on-site, bonus garden areas ensure a high level of tenant satisfaction, seismic upgrades are completed, dual pane windows, and much more. Additionally, the property includes a bonus detached storage unit, which provides versatile usage options and holds the potential for conversion into an ADU.
further increasing the property's income-generating capabilities. Conveniently located, near Ashby Bart station, easy freeway access, close Berkeley Bowl, Whole Foods, and all the local shops and dining, and a short ride to UC Berkeley, this prime location ensures a steady flow of potential tenants and business clients. Investors will appreciate the consistent and reliable rental income, coupled with the opportunity for rent increases and property appreciation over time. Whether you are looking to expand your portfolio or secure a stable income-producing asset, invest in 2110 Ashby Ave, a property that promises stability, potential growth, and an unbeatable location.

Financial Summary (Actual - 2023) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $3,372,547 CAD
Price Per Unit $281,046 CAD
Sale Type Investment
Cap Rate 5.49%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 10.7
No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Low Rise
Building Class C
Lot Size 0.12 AC
Building Size 20,454 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1917/2018
Opportunity Zone Yes

Unit Amenities

  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Deck
  • Double Pane Windows
  • Window Coverings

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 9 $2,108 CAD 305 - 438
2+1 1 $2,444 CAD 600
Studios 2 $5,626 CAD 1,980
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
053-1587-020-01
Land Assessment
$833,217 CAD (2024)
Improvements Assessment
$993,814 CAD (2024)
Total Assessment
$1,827,031 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2023

zoning

Zoning Code Mixed Use (Commercial/Office/Residential/ Mixed Use Two storefront retails. 10 residential units.)
Mixed Use (Commercial/Office/Residential/ Mixed Use Two storefront retails. 10 residential units.)
  • Listing ID: 32017341

  • Date on Market: 2024-06-04

  • Last Updated:

  • Address: 2110 Ashby Ave, Berkeley, CA 94705

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