2360 Ellsworth St, Berkeley, CA 94704
- $4,350,000
- 7,891
- SqFt
- List Price
- $4,350,000
- Status
- ACTIVE
- MLS#
- 41145057
- Year Built
- 1975
- Property Type
- 5 Or More Units
- Living Area
- 7,891
- Lot Size
- 3,760
- Acres
- 0.09
- County
- Alameda
- Subdivision
- South Berkeley
Property Description
2360 Ellsworth St sits one block from the UC Berkeley campus edge in South Berkeley, where demand is driven by enrollment. Seven units and twenty six beds, leased by the bed or by the unit, so ownership runs whichever strategy the market rewards. A 6.60% cap and 9.22 GRM going in at 96% bed occupancy, with rents nearly 10% below market. The kicker: the seller is willing to sign a master lease at $452,092 per year, lifting day one returns to a 7.22% cap and 6.76% cash-on-cash with zero leasing risk, and the owner still keeps $24,272 a year of parking and other income. Collect steady, hands-off income or step in and operate for the upside. The heavy lifting is done: $370,531 of capital invested since 2013, seismic retrofit complete, garage parking, common laundry, renovated quartz kitchens. Offered at $4,350,000, $167,308 per bed.
Additional Information
- Exterior
- Stucco
- Flooring
- Laminate, Tile
- Laundry Features
- Laundry Room, In Unit
- Lot Description
- Rectangular Lot
- Parking Features
- Covered
- Roof
- Flat
- Water Sewer
- Public
Mortgage Calculator
Listing courtesy of Willem Bos from COMPASS. 916-698-9954
Bay East © 2026. CCAR © 2026. BridgeMLS © 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated on: