2811-2815 Telegraph AVE, Berkeley, CA 94705 - MLS#425034667

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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Vincent Heung Compass

$ 1,750,000

Est. payment | -/mo

6 Beds

5 Baths

5,253 SqFt

Save

$ 1,750,000

Est. payment | -/mo

Save

6 Beds

5 Baths

5,253 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,253 sqft

Price per Sqft $333

MLS Listing ID 425034667

Bedrooms 6

Full Baths 3

Half Baths 2

HOA Y/N No

Year Built 1908

Lot Size 5,324 Sqft

Acres 0.1222

Property Sub-Type Mixed Use

Property 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!

Location

State CA

County Alameda

Area Berkeley Map Area 9

Rooms

Basement None

Interior

Heating Central, Wall Furnace

Cooling None

Flooring Laminate, Tile, Wood

Fireplace No

Appliance Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator

Exterior

Utilities Available Natural Gas Connected

Total Parking Spaces 4

Building

Lot Description Shape Regular

Foundation Concrete Perimeter

Sewer Public Sewer

Water Separate Meter, Public

Level or Stories Three Or More

New Construction No

Others

Tax ID 0531692027

Acceptable Financing 1031 Exchange, Cash, Conventional, SBA Loan

Listing Terms 1031 Exchange, Cash, Conventional, SBA Loan

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

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