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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