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%+

Features
: Electric
: Wood, Vinyl
: Regular
: Below Ground Parking
: Unknown
Address Map
CA
Alameda
Berkeley
94704
2537 Ellsworth St
0
W123° 44' 15.4''
N37° 51' 47.5''
Corner of Blake & ellsworth
MLS Addon
COMPASS
Willem Bos
willem@bosgroupcre.com
: Stucco
R02013980
MLL5077268
OBBCOMP
: Other

Commercial Sale For Sale

2537 Ellsworth St, Berkeley, California 94704

8,244 Sqft
$5,675,000
Listing ID #41084589
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 41084589
Price : $5,675,000
Square Footage : 8,244 Sqft
Year Built : 1965
Lot Area : 5,716 Sqft
Status : Active
Property SubType : 5 Or More Units
Agent info
Michael Roberts
Contact Agent