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$5,675,000
Est. payment /mo
5,715 Sqft Lot
UPDATED:
02/10/2025 01:27 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41084589
HOA Y/N No
Year Built 1965
Lot Size 5,715 Sqft
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
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Total Parking Spaces 11
Others
Tax ID 55183217
Virtual Tour https://bosgroupcre.com/2537-ellsworth-st/
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Listed by Willem Bos • COMPASS