2360 Ellsworth St, Berkeley, CA — listing photo 1
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FOR SALENew Listing

2360 Ellsworth St

Berkeley, CA 94704
3,760 Lot Sq Ft
Built 1975
$4,350,000

Property Overview

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 100% 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.

Home Details

Property type
Residential Income
Year built
1975
Lot size
3,760 sq ft
Parking
7 spaces
Days on market
7
MLS status
Active

Community, Schools & Utilities

Community

Subdivision
SOUTH BERKELEY

Utilities

Heating
NaturalGas
Cooling
None
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Location & Neighborhood

2360 Ellsworth St

Berkeley, CA 94704

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Frequently Asked Questions About 2360 Ellsworth St

Property type: Residential Income

The current asking price is $4,350,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 2360 Ellsworth St. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1975. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Berkeley, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Berkeley property.
The MLS currently reports the property as Active. It has been listed for 7 days. Status can change, so verify availability before relying on it.

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“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Willem Bos
MLS ID: BMLS-R02013980

Available property

$4,350,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.