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Listed by Michael H Young Intero Real Estate
$3,200,000
Est. payment /mo
5,494 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,494 sqft
Price per Sqft $582
MLS Listing ID 425071332
HOA Y/N No
Year Built 1925
Lot Size 6,800 Sqft
Acres 0.1561
Property Sub-Type Mixed Use
Property Description
Exceptional Berkeley investment opportunity! 2243-2245 Ashby Avenue offers two buildings on one lot with five fully leased units, just minutes from UC Berkeley. The property features a desirable unit mix including a 6BR/2BA, 3BR/2BA, 2BR/1BA, and two 1BR/1BA units. Four of the five units have been extensively remodeled with modern kitchens, baths, flooring, and appliances. Recent upgrades include roof work (2023), new exterior paint, and refinished hardwood floors. Additional upside includes approved plans for a 2BR/2BA ADU in the basement and income potential from parking and storage. The property offers five parking spaces (seven tandem), coin-operated laundry, and a Walk Score of 93, Walker's Paradise.'' With strong in-place income, pro forma growth potential, and a premier Berkeley location near BART, shops, dining, and hospitals, this turnkey multi-unit is a rare find in today's market.
Location
State CA
County Alameda
Area Berkeley Map Area 9
Interior
Flooring Tile, Wood
Fireplace No
Appliance Washer/Dryer Leased
Exterior
Total Parking Spaces 5
Building
Lot Description BART Nearby, Hospital Nearby, Neighborhood, Near Public Transit
New Construction Yes
Others
Tax ID 0521580013
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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