2537 Ellsworth St

Berkeley, CA 94704 Active for $5,675,000

Overview
Map & Location
Median Values
Schools & Score
Property History
Similar Listings

Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 5,716 sqft

Property Facts

MLS	41084589
Year Built	1965
Property Type
County	Alameda
Status	Active
Active	$5,675,000
Structure Size	N/A sqft
Lot Size	5,716 sqft
Beds	N/A
Baths

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 courtesy of: Willem Bos, COMPASS 916-698-9954. *Based on information from the Association of REALTORS/Multiple Listing as of 02/18/2025 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.