2811-2815 Telegraph Avenue
$1,890,000
—
5,253
5,253
$360
Listed By Compass
Description
7.42% current Cap Rate. 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 kitchenperfect 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,...7.42% current Cap Rate. 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 kitchenperfect 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!
Listing Agent
Property Details for 2811-2815 Telegraph Avenue
Directions to Property
Ashby Ave > Telegraph Ave
Parking FeaturesGarage, Private, Street
Cross StreetStuart Street
Total Parking Spaces3
LISTING UPDATED: 11/15/2024 01:10 PM
Property Details for 2811-2815 Telegraph Avenue
Status | Active |
---|---|
MLS # | 424077293 |
Days on Compass | 16 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1908 |
Lot Size | 0.12 AC / 5,323 SF |
County | Alameda County |
Building Information for 2811-2815 Telegraph Avenue
Stories-Residences-Year Built1908Lot Size0.12 AC / 5,323 SF
Property Information for 2811-2815 Telegraph Avenue
Property History for 2811-2815 Telegraph Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2811-2815 Telegraph Avenue
This home is within Berkeley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | K to 5 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
John Muir Elementary School PublicK to 5 | ||
Malcolm X Elementary School PublicK to 5 | ||
Emerson Elementary School PublicK to 5 | ||
Willard Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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