2110 Ashby Ave Pending

Berkeley,CA 94705

$ 2398000

- Bed

- Bath

6600 SqFt


Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 6,600 sqft

Price per Sqft $363

Subdivision Edge Of Elmwood

MLS Listing ID 41061952

HOA Y/N No

Originating Board BAY EAST

Year Built 1904

Lot Size 5,200 Sqft

Property Description

Cap Rates @ 5.49 & GRM @ 9.79%. Welcome to 2110 Ashby Ave, a premier mix-used commercial building located in the heart of Berkeley's Elmwood neighborhood, offering an exceptional investment opportunity with upside, stable income from long-term tenants. In high demand, Ashby Ave is fully occupied, most of the units are well maintained, laundry unit on site, bonus garden areas ensures a high level of tenant satisfaction, seismic upgrades completed, dual pane windows. Additionally, the property includes a bonus detached storage unit, which provides versatile usage options and holds potential for conversion into an ADU. further increasing the property's income-generating capabilities. Conveniently located, near Ashby Bart station, easy access to freeway, close to Berkeley Bowl, Whole Foods, and all the local shops and dining, 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.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Cooling None

Flooring Linoleum,Tile

Fireplace No

Building

Lot Description Regular

Water Public

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