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Exterior
Other
Kitchen
Bath
Living
Dining
Bedroom
Entry Way
Floorplan

2811 Telegraph Ave, Berkeley, CA 94705

$1,450,000
•
7
bed
6
bath
4,593
Sqft ($316/Sqft)

Multi-family for sale 52 days

Movoto is helping 15 homebuyers near you

About 2811 Telegraph Ave

Property type Multi-family

Neighborhood

Year built 1908

HOA fee $0/month

Lot size 5,324 Sqft

Movoto estimate

Parking 2 garage spaces

Property description

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!

Listed by

Listing Agent - Vincent Heung

Listing Office - Compass

Source: SFARMLS

MLS#426118178 • last updated 1 month ago

Movoto checked SFARMLS for data 8 minutes ago

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Overview
Cooling/AC	None
Heating	Varies By Unit
Levels/Style	Three, 0, 0
SqFt	4593
SubType	Quadruplex, Apartments
Type	Residential Income
MLS #	426118178
Status	Active
Lot Size (Acres)	0.1222
Lot Size (SqFt)	5324
Year Built	1908

Interior
Laundry	Laundry Closet
Total # of Rooms	13
Flooring	Simulated Wood, Tile, Varies By Unit, Wood
Appliances	Dishwasher, Free Standing Gas Range, Gas Water Heater
Window Features	Bay Window(s)

Exterior
Foundation	Concrete Perimeter
Construction	Concrete, Stucco, Wood
# Garage Spaces	2
# Parking Spaces	4
Parking Desc	Detached, Garage
Lot Desc	None

Amenities / Utilities
Water Source	Public
Utilities	City, Electric, Natural Gas Connected, Sewer Connected
Sewer/ Septic	Public Sewer
Security Features	Carbon Mon Detector, Double Strapped Water Heater, Fire Extinguisher, Smoke Detector, Window Security Bars

Location
County	Alameda
APN	053-1692-027

Multifamily Details
Unit 2: # Bedrooms	3
Unit 4: # Of Rooms	4
Unit 4: # Bedrooms	2
Unit 2: # Full Baths	2
Unit 1	Store, 2811
Unit 3	Apartment, 2815A
Unit 2	Apartment, 2813
Unit 4	Apartment, 2815B
Unit 3: Rent	1990
Unit 4: # Full Baths	1
Unit 2: SqFt	1300
Unit 2 Sqft Source	Measured
Unit 3 Sqft Source	Measured
Unit 3: SqFt	733
Unit 1: Rent	5000
Unit 4: SqFt	711
Unit 2: Rent	3600
Unit 1: # Full Baths	2
Separate Meters	Electricity, Gas, Varies By Unit, Water
Unit 1: SqFt	2000
Unit 3: # Bedrooms	2
Unit 3: # Full Baths	1
Unit 4: Rent	2150
Unit 3 # Of Rooms	4
# Units Furnished	None
# Of Units Total	4
# Of 3 Bedroom Units	1
# Of 2 Bedroom Units	2
# Of Units Vacant	2
# Of Units Leased	2
Gross Rent Multiplier	9.48
Cap Rate	9.03