2360 Ellsworth St
Berkeley, CA 94704
0
Bed
0
Bath
3,760Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Heating: Yes Heating: NaturalGas Has Cooling: Yes Cooling: None
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Building Information
Year Built: 1975Construction Materials: StuccoPrivate Pool: No
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Lot Information
Main Square Feet: 3760 Lot Size Acres: 0.0863 Lot Size Square Feet: 3,760Property Information
Subdivision: SOUTH BERKELEY Source Property Type: ResidentialIncome Property Age: 51
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Listing Price Information
Listing Price: $4350000
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Tax Information
Parcel Number: 5518872
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Parking Information
Parking Total: 7
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Location Information
Direction: Cross Street: Durant Ave.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2610 College Ave, Berkeley, CA, 94704 | $1,899,950 | -- | -- | -- | |
| 2610 College Ave, Berkeley, CA, 94704 | $1,899,950 | -- | -- | -- | |
| 2226 Blake Street, Berkeley, CA, 94704 | $2,980,000 | 3 | 5 | 3,553 | 3,553 SqFt |
| Martin Luther King Jr Way, Berkeley, CA, 94704 | $1,800 | 1 | 1 | 2,851 | 2,851 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 09:24
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