1327 Ashby Ave

Beds
Baths
6,576 Sq. Ft.
$262 / Sq. Ft.
6,576
Sq. Ft.
$262
per Sq. Ft.

Description

Marcus & Millichap is pleased to present 1327 Ashby Avenue, an eight-unit multifamily complex located in the heart of Berkeley, CA. Originally developed and held by the same family since 1961, this asset offers a rare opportunity to acquire a well-maintained, legacy-owned property. The unit mix consists of eight spacious 2-bedroom/1-bathroom floor plans, offering strong tenant appeal and long-term rental upside. The asset has recently undergone substantial capital improvements, including brand new...Marcus & Millichap is pleased to present 1327 Ashby Avenue, an eight-unit multifamily complex located in the heart of Berkeley, CA. Originally developed and held by the same family since 1961, this asset offers a rare opportunity to acquire a well-maintained, legacy-owned property. The unit mix consists of eight spacious 2-bedroom/1-bathroom floor plans, offering strong tenant appeal and long-term rental upside. The asset has recently undergone substantial capital improvements, including brand new roofs on both buildings, fresh exterior paint, all new dual-pane windows, updated gutters and drainpipes, and a fully replaced sewer line. Interior upgrades include new appliances, flooring, cabinetry, and modern lighting throughout the units. Priced at a 6.50% CAP rate and 9.78 GRM on current rents, 1327 Ashby Avenue offers an attractive in-place yield and qualifies for strong bank financing making this a rare opportunity for investors seeking stability and upside in one of the East Bay's most desirable rental markets.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030

Property Details for 1327 Ashby Avenue

MLS City Name
BERKELEY
Building Type
Other
Garage Spaces
8
Parking Spaces
8
LISTING UPDATED: 11/14/2025 04:27 PM

Property Details for 1327 Ashby Avenue

StatusSold
MLS #ML82016262
Days on Compass30
Taxes$35,776 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1961
Lot Size0.17 AC / 7,400 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059

Sold By Marcus & Millichap, Eymon Binesh, DRE #02060059

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Building Information for 1327 Ashby Avenue

Stories-Residences-Year Built1961Building Size-Lot Size0.17 AC / 7,400 SF

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OriginPoint Mortgage or Rocket Mortgage1

$11,389 per month

30 year fixed, 6.15% Interest

Principal and Interest

$8,407

Property Taxes

$2,981

HOA Dues

$0

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Property Information for 1327 Ashby Avenue

Features
Features
  • Fireplace: No
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 6576
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Propane On Site, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 8
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking, Off-Street Parking, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Berkeley Map Area 2
  • Restrictions: None
  • Roof: Rolled Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1327
  • Street Name: Ashby
  • Street Suffix: Avenue
  • Area ID: 2302
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 6576
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: R3
Location Information
  • Parcel Number: 53-1623-14-1
  • County Name: Alameda
  • City Name: BERKELEY
  • City Postal ID: 123
  • Postal Code: 94702
  • Elementary School District: 1034
  • High School District Text: Berkeley Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .17
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $35,776
  • Capitalization Rate: 6.65
  • Tenant Expenses: Maintenance, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $9,864
  • Expense Landscape: $2,400
  • Expense Maintenance: $4,000
  • Expense Management: $0
  • Expense Trash: $4,800
  • Expenses Other: $1,800
  • Expenses Utility: $10,000
  • Expenses Total: $68,640
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 9.67
  • Income Annual Gross: $203,504
  • Income Annual Rental: $207,398
  • Income Gross Scheduled: $209,798
  • Income Other: $2,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,404
Unit 2 Information
  • Unit 2 Approx Square Footage: 694
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $928
Unit Type 1
  • Unit Type1 Approx SqFt: 950

Property History for 1327 Ashby Avenue

DateEvent & SourcePriceAppreciation
Nov 14, 2025

Sold

EBRD #ML82016262

$1,725,000
Nov 14, 2025

Sold

MLSListings #ML82016262

$1,725,000
Oct 7, 2025

Sold (Public Record)

Public Record #1922056261

$1,725,000
Aug 28, 2025

Pending

MLSListings #ML82016262

Aug 28, 2025

Pending

EBRD #ML82016262

Aug 28, 2025

Contingent - Show

MLSListings #ML82016262

Jul 29, 2025

Listed (Active)

EBRD #ML82016262

$2,028,000
Jul 29, 2025

Listed (Active)

MLSListings #ML82016262

$2,028,000
Jul 1, 2025

Withdrawn

EBRD #41081598

Jul 1, 2025

Withdrawn

MLSListings #EB41081598

$2,095,000
Jun 11, 2025

Price Change

EBRD #41081598

$2,095,000
Jun 11, 2025

Price Change

MLSListings #MR41081598

$2,095,000
Jan 6, 2025

Listed (Active)

EBRD #41081598

$2,300,000
Jan 6, 2025

Listed (Active)

MLSListings #MR41081598

$2,300,000
DateEvent & SourcePrice
11/14/2025

Sold

EBRD #ML82016262

$1,725,000
11/14/2025

Sold

MLSListings #ML82016262

$1,725,000
10/07/2025

Sold (Public Record)

Public Record #1922056261

$1,725,000
08/28/2025

Pending

MLSListings #ML82016262

08/28/2025

Pending

EBRD #ML82016262

08/28/2025

Contingent - Show

MLSListings #ML82016262

07/29/2025

Listed (Active)

EBRD #ML82016262

$2,028,000
07/29/2025

Listed (Active)

MLSListings #ML82016262

$2,028,000
07/01/2025

Withdrawn

EBRD #41081598

07/01/2025

Withdrawn

MLSListings #EB41081598

$2,095,000
06/11/2025

Price Change

EBRD #41081598

$2,095,000
06/11/2025

Price Change

MLSListings #MR41081598

$2,095,000
01/06/2025

Listed (Active)

EBRD #41081598

$2,300,000
01/06/2025

Listed (Active)

MLSListings #MR41081598

$2,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1327 Ashby Avenue

Taxable ValueLand$63,991Additions$152,256Total$216,247
Tax Record2025$17,262 ($1,438 / month)
Home Facts
Total Finished SqFt6,576 SqFtAbove Grade Finished SqFt6,576 SqFtStories2Lot Size7,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1961CountyALAMEDAAPN53-1623-14-1

Schools near 1327 Ashby Avenue

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Washington Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.