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.
Property Details
Price:
$2,398,000
MLS #:
41061952
Status:
Active
Baths:
0
Address:
2110 Ashby Ave
Type:
Residential Income
Subdivision:
EDGE OF ELMWOOD
City:
Berkeley
Listed Date:
Jun 3, 2024
State:
CA
ZIP:
94705
Lot Size:
5,200 sqft / 0.12 acres (approx)
Year Built:
1904
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Spots
0.00
Financial
Association Fee
0.00
Map
Community
- Address2110 Ashby Ave Berkeley CA
- SubdivisionEDGE OF ELMWOOD
- CityBerkeley
- CountyAlameda
- Zip Code94705
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Courtesy of BHG Reliance Partners. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
2110 Ashby Ave
Berkeley, CA
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