1241 Ashby Ave, Berkeley, California 94702, Berkeley, 94702 - 7 bed, 3 bath
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Berkeley, California 94702
Analysis of 1241 Ashby Ave, Berkeley, California 94702 is currently available with a list price of $899,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
Although originally built in 1925, the property has been extensively renovated and is move-in ready. The interiors feature modern kitchens with shaker-style cabinetry, stone countertops, and stainless steel appliances. Additional updates include recessed lighting, contemporary light fixtures, and updated laminate flooring throughout. The bathrooms have also been modernized, and the overall condition suggests well-maintained systems with no immediate need for major repairs.
With a combined annual income of approximately $93,240 from two well-maintained units, this property offers an exceptional opportunity for house hacking or a high-yield long-term investment.
The generous lot size and availability of preliminary plans for an ADU or additional units provide significant future upside and the ability to increase property density.
Situated near Ashby BART, Berkeley Bowl West, and major commute corridors, the property is ideally positioned to attract high-quality tenants and ensure low vacancy rates.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 4.
Being located on Ashby Avenue, a major thoroughfare, the property is subject to significant vehicle noise and traffic congestion, which may impact residential tranquility.
Configuring 7 bedrooms within under 2,000 square feet suggests a high-density living arrangement that may result in smaller individual room sizes and increased wear on the 1925 structure.
Live in one, earn from the other, and unlock future upside in Berkeley. This well-maintained duplex in South Berkeley offers flexibility, strong income, and development potential. The front unit (Unit A) is configured as 3 beds/1 bath with rooms rented for approx. $3,050/month, while the rear unit (Unit B) lives like 4 beds/2 baths generating approx. $4,720/month, for a combined annual income of $93,240. Both units feature modern kitchens, updated baths, recessed lighting, and functional layouts ideal for owner-occupants or investors. Set on a generous lot, the backyard offers potential with preliminary plans available for ADU or additional units (buyer to verify). Conveniently located near Ashby BART, Berkeley Bowl West, parks, schools, dining, and easy commute to Oakland, San Francisco, and UC Berkeley, ideal for house hacking, multi-gen living, or long-term investment.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 3.0 | 2.0 | 75% |
| Square foot | 1,986 | 1,319.5 | 89% |
| Lot Size | 4,550 | 3,731 | 72% |
| Price | $899.0K | $1.25M | 14% |
| Price per sq ft | $453 | $990 | 3% |
| Built year | 1925 | 1924 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 97 | 3% |
Apr 13, 2026
$899,000
Initial Listing
Jan 17, 2019
$1,250,000
Public Record
Dec 14, 2016
$920,000
Public Record