2360 Ellsworth St, Berkeley, CA 94704

Berkeley
Local realty services provided by:ERA North Orange County Real Estate
2360 Ellsworth St,Berkeley, CA 94704
$4,350,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos
Office: compass415-660-9955
MLS#:41145057
Source:CRMLS

Price summary

  • Price:$4,350,000

About this home

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.

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Home facts

  • Year built:1975
  • Subdivision & Development:SOUTH BERKELEY
  • Listing ID #:41145057
  • Added:44 day(s) ago
  • Updated:September 28, 2026 at 12:21 PM

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1975
  • Lot area:0.09 Acres
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$4,350,000

Parking

  • Total parking spaces:7
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