2811-2815 Telegraph Avenue

Berkeley, CA 94705

$1,890,000
Price
6
Beds
3
Baths
2
1/2 Baths
5,253 Sq. Ft.
$360 / Sq. Ft.
5,253
Sq. Ft.
$360
per Sq. Ft.

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

  1. Vincent Heung

    Vincent Heung

    Listing Agent

    Compass

    DRE #01866837

    vincent.heung@compass.com

    P: (650)-690-2238

Property Details for 2811-2815 Telegraph Avenue

Directions to Property
Ashby Ave > Telegraph Ave
Parking Features
Detached, Garage, Uncovered
Cross Street
Stuart Street
Total Parking Spaces
4
LISTING UPDATED: 11/22/2024 10:06 AM

Property Details for 2811-2815 Telegraph Avenue

StatusActive
MLS #424081532
Days on Compass1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1908
Lot Size0.12 AC / 5,323 SF
CountyAlameda County

Building Information for 2811-2815 Telegraph Avenue

Stories-Residences4Year Built1908Building Size-Lot Size0.12 AC / 5,323 SF

Property Information for 2811-2815 Telegraph Avenue

Summary
Location and General Information
  • Area/District: Berkeley Map Area 9
  • Area Short Display: 2309
  • Topography: Level
  • Location Description: Berkeley Map Area 9
Taxes and HOA Information
  • APN: 053-1692-027
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Association: No
Parking
  • Covered Spaces: 2
  • Independent Parking Spaces: 4
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 4.0
  • Parking: Detached, Garage, Uncovered
Virtual Tour
Property
Lot Information
  • Square Footage Source: Graphic Artist
  • Lot Size Source: Assessor Auto-Fill
  • Lot Features: Shape Regular
Property and Assessments
  • Possession: Close of Escrow, Subject To Tenant Right
  • Picture Count: 60
  • Photos Provided By: 3rd Party Photographer
  • Elevation: 0
  • Units Furnished: None
Green Features
  • Green Verification Year: 0
Utilities
  • Separate Meters: Electricity, Gas, Water
  • Sewer: Public Sewer
  • Utilities: Electric, Natural Gas Connected
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Elevation Units: Feet
  • # of Floors: 0
  • # of Guest Space(s): 0
  • # Of Buildings: 0
  • Construction Materials: Stucco, Wood
  • Foundation: Concrete Perimeter
  • Stories: 0
  • Levels: Three
  • Patio And Porch Features: Covered Deck, Covered Patio, Uncovered Deck
  • Security Features: Carbon Mon Detector, Fire Extinguisher, Smoke Detector
Interior Features
  • Heating: Central, Wall Furnace
  • Appliances: Dishwasher, Free Standing Gas Range, Free Standing Refrigerator
  • Basement: None
  • Cooling: None
  • Flooring: Laminate, Tile, Wood
  • Full Bathrooms: 0
  • # of Rooms: 6
Room Information
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 3
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 2
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Rent Multiplier: 9.93
  • Gross Income Multiplier: 0.0
  • Utilities Expense: 1262.0
Multi-Family Information
  • # Commercial Units: 1
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Studio Units: 0
  • # of Units: 4
  • # Of Units Total: 4
  • # Of Units Vacant: 2
  • # Of Units Leased: 2
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: 2811 - Restaurant
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 2
  • Unit 1 Occupancy: Vacant
  • Unit 1 Rent: $6,000.00
  • Unit 1 Approx SqFt: 2005.0
  • Unit 1 SqFt Source: Not Measured
  • Unit 1 # of Rooms: 0
  • Unit 1 Type: Store
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: 2813 - Residential
  • Unit 2 Full Baths: 1
  • Unit 2 Partial Baths: 0
  • Unit 2 Lease Term: 12 Months
  • Unit 2 Occupancy: Tenant
  • Unit 2 Rent Source: Rental
  • Unit 2 Rent: $2,900.00
  • Unit 2 Approx SqFt: 1253.0
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Description: 2815 #A - Residential
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 Occupancy: Vacant
  • Unit 3 Rent Source: N/A
  • Unit 3 Rent: $2,400.00
  • Unit 3 Approx SqFt: 733.0
  • Unit 3 SqFt Source: Not Measured
  • Unit 3 # of Rooms: 4
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 2
  • Unit 4 Description: 2815 #B - Residential
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 Lease Term: Less Than 12 Months
  • Unit 4 Occupancy: Tenant
  • Unit 4 Rent Source: Rental
  • Unit 4 Rent: $2,150.00
  • Unit 4 Approx SqFt: 711.0
  • Unit 4 # of Rooms: 4
  • Unit 4 Type: Apartment
Rental
Rent Information
  • # Of Units Month to Month: 0
  • Studio Annual Occupancy: .00%

Property History for 2811-2815 Telegraph Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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2811-2815 Telegraph Avenue is a multi-family home for sale in Berkeley, CA 94705. This property was listed for sale on November 22, 2024 by Compass, it's currently listed at $1,890,000. This listing's school district is Berkeley Unified School District. Nearby schools include John Muir Elementary School, Malcolm X Elementary School and Emerson Elementary School. 2811-2815 Telegraph Avenue is a 6-bed, 4-bath, 5,253 sqft multi-family home built in 1908.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Vincent Heung, DRE #01866837

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.