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$1,750,000

Added 2 months ago

2815 - 2811 Telegraph Ave, Berkeley, CA

Real Estate

For Sale

Listed price in listed location currency (USD).
$1,750,000

Added 2 months ago

655253 sqft4
  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Residential Income
Size 5253 sqft
Garage Yes
HOA Fees 
Taxes 
Days Active 66
Approx. Age 1908
Avg. Price Per Sqft $333
MLS® Number 425034667

Property Address: 2815 - 2811 Telegraph Ave, Berkeley, California

Average square foot calculated using Size range provided by listing agent.

Description

8.11% current Cap Rate, $190k annual income. Unlock the potential of this exceptional mixed-use property located just steps from the University of Berkeley campus! The spacious ground floor features a vacant restaurant space that was formerly home to the renowned Tai Shan Chinese restaurant, complete with a fully equipped kitchen, perfect for an owner-operator looking to start their own culinary venture. This setup allows the owner to operate their business while receiving rental income from the upper residential units, effectively offsetting expenses. The upper level consists of three residential units, with two units currently tenant-occupied and one additional unit available for immediate leasing or owner occupancy. Additionally, there is a bonus unit located in the back of the property, further enhancing your investment potential. Situated on high-traffic Telegraph Avenue, this property offers excellent visibility and foot traffic, making it ideal for a variety of business endeavors. Whether you're an investor seeking a property with multiple income streams or an entrepreneur ready to launch your dream restaurant, this property is a must-see. Don't miss out on this incredible opportunity in a vibrant and sought-after Berkeley neighborhood!
MLS® Number425034667
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageYes
Approx. Age1908
Stories0
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral, Wall Furnace
A/CNone
Heating Fuel

Extras

2815 - 2811 Telegraph Ave, Berkeley, CA

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