2537 Ellsworth St
Berkeley, CA, 94704
$5,675,000
Beds
0 Baths
SqFt
0.13 Acres
Add
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%+

Property Details

Price:
$5,675,000
MLS #:
41084589
Status:
Active
Baths:
0
Address:
2537 Ellsworth St
Type:
Residential Income
City:
Berkeley
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
94704
Lot Size:
5,716 sqft / 0.13 acres (approx)
Year Built:
1965
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Cooling
None
Heating
Electric

Exterior

Parking Spots
11.00

Financial

Association Fee
0.00
Tenant Pays
Gas

Map

Community

Similar Listings Nearby

2537 Ellsworth St
Berkeley, CA