$5,195,000

2537 Ellsworth St, Berkeley, CA 94704

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon5,715sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

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.

Listing Status:
Active
Date Added:
October 3, 2025 at 05:00AM
Listing Office:
COMPASS : 415-660-9955
Listing Agent:
Willem Bos : 916-698-9954
MLS ID:
41113741
  • A/C: See Remarks
  • Heating: Natural Gas
  • Parking: Parking spaces: 10
  • General: Stucco
  • HOA Amenities: 0.0
  • Originating MLS: CRMLS_BMLS
  • County: Alameda
  • Zoning: 55183217
  • Source: CRMLS_BMLS

This listing courtesy of Willem Bos, COMPASS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

S

Sylvia Mendez Elementary School

2840 Ellsworth St, Berkeley, CA, 94705

Grades KG-5

0.37 miles away

W

Willard Middle School

2425 Stuart St, Berkeley, CA, 94705

Grades 6-8

0.31 miles away

B

Berkeley Technology Academy

2701 Martin Luther King Jr Way, Berkeley, CA, 94703

Grades 10-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listings Nearby