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
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Schools
Interior
Cooling
None
Heating
Electric
Exterior
Parking Spots
11.00
Financial
Association Fee
0.00
Tenant Pays
Gas
Map
Community
- Address2537 Ellsworth St Berkeley CA
- CityBerkeley
- CountyAlameda
- Zip Code94704
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Courtesy of COMPASS. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.
2537 Ellsworth St
Berkeley, CA
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