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$1,890,000

Beds
6
Baths
3.0
sq ft
5,253

2811-2815 Telegraph Ave, Berkeley, CA 94705

2811-2815 Telegraph Ave

Berkeley, CA 94705

  • 30 days on market
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!

Details

Property type

Mixed Use

Lot size

5,324 sq ft

Price per sq ft

$360

Year built

1908

HOA

No

Price History

11/22/2024
SFAR

SFAR #424081532

Listed
$1,890,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 12:25 AM

Listing updated: 12/02/2024 at 11:11 AM

Listed by: Vincent Heung, Compass

MLS: SFAR #424081532

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