2537 Ellsworth St
Berkeley, CA 94704
For Sale
$5,195,000
9-unit Apartment Building
Property Highlights
- Achievable 6.21% CAP and 10.63 GRM
- 100% student occupied
- Over $480,000 gross income on day one
- secured tuck under parking
- all new windows
- new roof
The Bos Group is proud to present 2537 Ellsworth St in Berkeley, a turnkey student house building only blocks from the UC Berkeley campus.
Ellsworth has been completely remodeled from top to bottom in the past year. Seven of the nine units have been remodeled down to the studs, and the whole property has new windows, a new secured parking gate, a new roof, new electrical, and new paint. This is any pride of ownership investor’s dream, with nine oversized three-bedroom, two-bath units occupied 100% by undergraduate students.
With over $40,000 in gross monthly income, there is no other building in Berkeley with equal conditions and income.
Year Built
1965
Number of Units
9
Price/Unit
$577,222
Square Feet
8,244
Cost/Sq. Foot
$630
CAP
6.21%
GRM
10.63
Let's Work Together
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