CA > Berkeley > Alameda County
Berkeley, CA 94704,2537 Ellsworth St
Berkeley, CA 94704,2537 Ellsworth St
Berkeley, CA 94704,2537 Ellsworth St
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$5,195,000
Est. payment /mo
5,715 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Alameda County

MLS Listing ID 41113741

HOA Y/N No

Year Built 1965

Lot Size 5,715 Sqft

Property Description

2537 Ellsworth Street represents a fully renovated nine-unit apartment building located just blocks from UC Berkeley. Offered at $5.195m, this asset has benefited from more than $825,000+ in recent (2024) permitted capital improvements, including seven (7) down-to-the-studs unit remodels, new windows, new roof, a secured parking gate, upgraded electrical panels, and fresh interior and exterior paint and finishes. The property features seven (7) spacious 3-BR/2-BA units and two (2) 3-BR/1.5-BA units, all recently updated with modern finishes and high-quality improvements. This building has a gross building area of 8,244 square feet and offers ten (10) garage parking spaces which bring an additional $1,025/month in gross income. It is off the soft-story list, and has passed sewer lateral and SB-721 inspections. This investment provides both stability and upside, with a current cap rate of 6.21% and a current GRM of 10.63. Tenants enjoy walkability to UC Berkeley, Telegraph Avenue, restaurants, cafés, and shopping, as well as easy access to BART and AC Transit. With its prime location, strong occupancy history, and extensive renovations, 2537 Ellsworth Street represents an outstanding opportunity for investors seeking a pride-of-ownership investment.

Location

State CA

County Alameda

Interior

Heating Natural Gas

Cooling See Remarks

Fireplace No

Exterior

Total Parking Spaces 10

Building

Lot Description Street Level

Others

Tax ID 55183217

Virtual Tour https://bosgroupcre.com/2537-ellsworth-st/

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CRMLS – RECore
Listed by Willem Bos COMPASS

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