Property Details
About this Property
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%+
MLS Listing Information
MLS #
MR41084589
MLS Source
Bridge MLS
Days on Site
43
Interior Features
Flooring
Vinyl, Wood
Cooling
None
Heating
Electric
Parking, School, and Other Information
Sewer
Public Sewer
Complex Amenities
Other
Contact Information
Listing Agent
Willem Bos
COMPASS
License #: 02013980
Phone: (916) 698-9954
Co-Listing Agent
Nate Gustavson
License #: 01898316
Phone: (415) 786-9410
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| – | – | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 3 | 0/0 | – | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Willard Middle School | public | 6-8 | 0.28 mi | |
| Sylvia Mendez Elementary | public | K-5 | 0.37 mi | |
| Berkeley Independent Study K-8 | public | K-8 | 0.51 mi | N/A |
| Berkeley Technology Academy | public | 10-12 | 0.55 mi | |
| Berkeley High School | public | 9-12 | 0.56 mi | |
| Washington Elementary School | public | K-5 | 0.64 mi | |
| Emerson Elementary School | public | K-5 | 0.68 mi | |
| Berkeley Special Education Preschool | public | UG | 0.73 mi | N/A |
| Longfellow Arts And Technology Middle School | public | 6-8 | 0.92 mi | |
| Malcolm X Elementary School | public | K-5 | 0.94 mi | |
| Peralta Elementary School | public | K-5 | 0.97 mi | |
| John Muir Elementary School | public | K-5 | 1.04 mi | |
| Berkeley Arts Magnet at Whittier School | public | K-5 | 1.06 mi | |
| Sankofa United Elementary School | public | K-5 | 1.13 mi | |
| Claremont Middle School | public | 6-8 | 1.35 mi | |
| Chabot Elementary School | public | K-5 | 1.43 mi | |
| Oxford Elementary School | public | K-5 | 1.48 mi | |
| Martin Luther King Middle School | public | 6-8 | 1.52 mi | |
| Ruth Acty Elementary | public | K-5 | 1.63 mi | |
| Berkeley Adult | public | UG | 1.73 mi | N/A |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2537 Ellsworth St is a Residential Income in Berkeley, CA 94704. This 8,244 square foot property sits on a 5,716 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $5,675,000 and was built in 1965. This address can also be written as 2537 Ellsworth St, Berkeley, CA 94704.
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This listing information is up-to-date as of February 10, 2025. For the most current information, please contact Willem Bos, (916) 698-9954
