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$5,195,000

$7,200Reward *

2537 Ellsworth St, Berkeley, CA 94704Listing ID 41113741

2537 Ellsworth St, Berkeley, CA 94704

Active

ALAMEDA COUNTY

Time on site: 224 days • Last updated: Oct 10, 2025

Property Type

Residential Income

Property Sub Type

Acres

0.13

Days on Site

223

Cooling

See Remarks

Heating

Natural Gas

Year Built

1965

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.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS

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For corrections to this data please contact Brytecore MLS Support.

BMLS-R02013980 • BMLS-MLL5077268

2537 Ellsworth St, Berkeley, CA 94704

Market Report for 94704

Property Information

Property Details

Location

Interior Features

Heating and Cooling

Building

Building Information