2537 Ellsworth St

Berkeley, CA 94704

$5,675,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1965

calendar_month Built

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%+

Listing Information

List Price $5,675,000
Status Active
MLS 41084589
HOA $0
Type Residential Income
Year Built 1965
Lot Size 5,716
Structure Size N/A
DOM 7
Courtesy Of COMPASS
Listing Agent Willem Bos DRE#02013980
Co-Listing Agent Nate Gustavson DRE#01898316

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None
Heating Type
Heating Type Electric

Maps

home_work Nearby Properties

Listing information courtesy of: Willem Bos, Nate Gustavson, COMPASS 916-698-9954. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 10th, 2025 at 1:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.