Property Details
About this Property
7.42% current Cap Rate. Unlock the potential of this exceptional mixed-use property located just steps from the University of Berkeley campus! The spacious ground floor features a vacant restaurant space that was formerly home to the renowned Tai Shan Chinese restaurant, complete with a fully equipped kitchenperfect for an owner-operator looking to start their own culinary venture. This setup allows the owner to operate their business while receiving rental income from the upper residential units, effectively offsetting expenses. The upper level consists of three residential units, with two units currently tenant-occupied and one additional unit available for immediate leasing or owner occupancy. Additionally, there is a bonus unit located in the back of the property, further enhancing your investment potential. Situated on high-traffic Telegraph Avenue, this property offers excellent visibility and foot traffic, making it ideal for a variety of business endeavors. Whether you're an investor seeking a property with multiple income streams or an entrepreneur ready to launch your dream restaurant, this property is a must-see. Don't miss out on this incredible opportunity in a vibrant and sought-after Berkeley neighborhood!
MLS Listing Information
MLS #
SF424081532
MLS Source
San Francisco Association of Realtors® MLS
Days on Site
12
Interior Features
Appliances
Dishwasher, Oven Range - Gas, Refrigerator
Flooring
Laminate, Tile, Wood
Cooling
None
Heating
Central Forced Air, Wall Furnace
Exterior Features
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Detached, Garage, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 4 | 2 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 2,005 | 0 | 0/2 | $6,000 |
| 2 | 1,253 | 2 | 1/0 | $2,900 |
| 3 | 733 | 2 | 1/0 | $2,400 |
| 4 | 711 | 2 | 1/0 | $2,150 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
2811 Telegraph Ave is a Residential Income in Berkeley, CA 94705. This 5,253 square foot property sits on a 5,324 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,890,000 and was built in 1908. This address can also be written as 2811 Telegraph Ave, Berkeley, CA 94705.
©2024 San Francisco Association of Realtors® MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Francisco Association of Realtors® MLS.
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This listing information is up-to-date as of December 02, 2024. For the most current information, please contact Vincent Heung, (510) 220-0188
