5-Units | Ashby

Prime Urban Gateway with Transit-Oriented Value The Ashby neighborhood in Berkeley sits at one of the city’s most strategic intersections of transit, walkability, and urban vitality. Anchored by the Bay Area Rapid Transit Ashby BART station on the Orange and Red lines, this corridor offers residents direct access to Oakland, San Francisco, and the broader Bay Area without reliance on a car — a compelling tenant draw in today’s market where convenience and connectivity drive demand. Walkable, Bikeable, and Rich with Everyday Amenities Ashby Avenue is distinguished by a high level of walkability, with daily errands easily handled on foot and a dense mix of retail, dining, and services within short distances of residential properties. The area consistently scores in the top tier for both Walk and Bike Scores, making it a magnet for renters who prioritize lifestyle options over car ownership. Proximity to local markets like Berkeley Bowl as well as a range of cafes and small businesses further enhances tenant appeal. Strong Long-Term Market Fundamentals Investment in Ashby’s multifamily properties aligns with broader trends toward urban infill and transit-oriented development (TOD). Planning conversations in the community emphasize leveraging the neighborhood’s transit assets and walkable street grid to support medium- to higher-density housing, retail, and shared amenities around key nodes like the BART station — a forward-looking moment for investors seeking growth potential in established Bay Area neighborhoods. Walk Score: 92–94 Transit Score: 63–64 Bike Score: 95–991535 Julia Street presents a rare opportunity to acquire a 100% occupied, five-unit multifamily property in one of the East Bay's most coveted and supply-constrained rental markets. The property offers an exceptional unit mix — (3) one-bedroom, (1) two-bedroom, and (1) three-bedroom/two-bath units — delivering immediate, diversified cash flow from day one while appealing to a broad spectrum of renters. With updated interiors and modern finishes throughout, the asset is well-positioned to command premium rents as units turn, with an estimated 30–40% rental upside on the horizon — a compelling value-add runway that sets this offering apart. Ideally situated minutes from Ashby BART Station, residents enjoy direct, seamless access to Oakland and San Francisco, making this a premier transit-oriented location that consistently drives leasing demand. The surrounding neighborhood offers strong walkability, robust bike infrastructure, and proximity to Berkeley's vibrant retail and dining scene — exactly the lifestyle amenities today's renters prioritize. Off-street parking adds a coveted and increasingly rare edge over competing listings, while separately metered gas, electric, and water utilities shift costs to tenants and protect the investor's bottom line. Berkeley's multifamily market is defined by high barriers to entry, strict development constraints, and relentless housing demand — a combination that has fueled exceptional long-term appreciation through economic cycles. For investors seeking a stabilized income stream today with meaningful upside tomorrow, 1535 Julia Street delivers both in one of the Bay Area's most resilient and sought-after submarkets.