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2360 Ellsworth St Berkeley, CA 94704
$4,350,000 0 beds, 0 baths
0 sqft
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Photo of Joseph Maghami

Joseph Maghami REALTORĀ® - Sales Associate 949-813-1619 m
949-644-6200 o
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com
Text Me
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Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com
Corona del Mar Office
3301 E. Coast Hwy
Corona del Mar, CA 92625
Phone: 949-723-7080
Fax: 949-675-2156
Corona del Mar 3301 E. Coast Hwy
Corona del Mar, CA 92625
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Fax: 949-675-2156
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Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41145057
List price is $4,350,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1975
0.09 acres
Lot size: 0.0863
Subdivision: SOUTH BERKELEY
County: Alameda
Construction: Stucco
Heating/cooling: None
Heating description: Natural Gas

Last Updated: 8/21/2026

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Lat/Long: 37.866780, -122.263727.
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Listing Agent: Willem Bos
Lic#: 01908118
Office Name: Corona del Mar

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Photo of Joseph Maghami

Joseph Maghami REALTORĀ® - Sales Associate 949-813-1619 m
949-644-6200 o
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com
Text Me
Call My Cell
Call My Office
Lic#: 01908118
NRDS ID: 185060093
kjmaghami@gmail.com

Corona del Mar Office
3301 E. Coast Hwy
Corona del Mar, CA 92625
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