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2537 Ellsworth St, Berkeley, CA 94704
Priced at Only: $5,525,000
For more Information Call Mobile: 714.478.6676
Address: 2537 Ellsworth St, Berkeley, CA 94704
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  • MLS#: 41084589 ( )
  • Street Address: 2537 Ellsworth St
  • Viewed: 10
  • Price: $5,525,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1965
  • Bldg sqft: 0
  • Days On Market: 60
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94704
  • Provided by: COMPASS
  • Contact: Willem Willem
  • California Regional MLS IDX
  • DMCA Notice
  • 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%+
Features
Association Fee
  1. 0.00
Construction Materials
  1. Stucco
Cooling
  1. None
Days On Market
  1. 55
Heating
  1. Electric
Netoperatingincome
  1. 318244.00
Parcel Number
  1. 55183217
Sourcesystemkey
  1. 41084589:BMLS
Tenant Pays
  1. Gas
Views
  1. 10
Year Built
  1. 1965
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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