Active

New

2537 Ellsworth St

Berkeley CA, 94704

$5,675,000


$688.38 per sqft

Active

New

8,244 sqft

Commercial

Built in 1965

2537 Ellsworth Street in Berkeley, a turnkey investment with massive renovations in the past year. Situated just blocks from the UC Berkeley campus, 2537 Ellsworth Street offers a rare opportunity to own a fully remodeled nine (9) unit multifamily property in one of the city's most desirable locations. Priced at $5,675,000, this turnkey investment features seven (7) spacious 3-bedroom/2-bathroom units and two (2) 3-bedroom/1.5-bathroom units, all recently updated with modern finishes and high-quality improvements. This property has undergone extensive renovations totaling over $825,000+, including new windows, a secured parking gate, a new roof, and electrical upgrades. With 10 garage spaces and thoughtful capital improvements throughout, it offers both convenience and peace of mind for tenants and investors alike. Located within walking distance of gourmet restaurants, artisan coffee shops, and multiple BART stations, Ellsworth Street combines modern living with urban connectivity. Currently fully occupied by undergraduate students, this property generates strong cash flow with a current in-place cap rate of 5.50%, and a projected market cap rate of 6.58%+

41084589

MLS ID

February 3, 2025

Listed

February 4, 2025

Updated

Map

2537 Ellsworth St
Berkeley CA, 94704

Interior Features

Interior Features

Other, Storage


Floor Description

Vinyl, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.13 Acres


Lot Features

Regular


Roof

Unknown


Sewer

Public Sewer

Other Property Details

Area Name

Berkeley


Garage

No


Parking

Below Ground Parking


View

No


County

Alameda


Pool

No

Listed by Willem Bos with COMPASS
Listing Contact: 916-698-9954 

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