Homes for sale - 2537 Ellsworth St, Berkeley, CA 94704

Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by Willem Bos • COMPASS

$5,525,000

Est. payment - /mo

3 Beds

2 Baths

8,244 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,244 sqft

Price per Sqft $670

MLS Listing ID MR41084589

Bedrooms 3

Originating Board Bridge MLS

Year Built 1965

Lot Size 5,716 Sqft

Property Sub-Type Five or More Units

Property Description

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%+

Location

State CA

County Alameda

Area Berkeley Map Area 9

Interior

Heating Electric

Cooling None

Flooring Vinyl, Wood

Exterior

Exterior Feature Stucco

Parking Features Underground Parking

Garage Spaces 11.0

Roof Type 30

Building

Lot Description Regular

Sewer Sewer - Public

Others

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2537 Ellsworth St Berkeley, CA 94704

JLee Broker

Key Details

Location

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Exterior

Building

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