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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Danielle Broad

Danielle Broad

+1(925) 383-9200
$5,195,000
Est. payment /mo
8,244 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,244 sqft

Price per Sqft $630

Subdivision Alameda County

MLS Listing ID 41113741

HOA Y/N No

Year Built 1965

Lot Size 5,716 Sqft

Acres 0.13

Property Sub-Type 5 or More Units

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

Rooms

Basement None

Interior

Heating Natural Gas

Cooling Other

Flooring Other

Fireplace No

Building

Lot Description Level

New Construction No

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Willem Bos • COMPASS
Danielle Broad

+1(925) 383-9200

smiles4dee@gmail.com

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