2811-2815 Telegraph AVE Active Save Request In-Person Tour Request Virtual Tour
Berkeley,CA 94705
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 $359
MLS Listing ID 424081532
Bedrooms 6
Full Baths 3
Half Baths 2
HOA Y/N No
Year Built 1908
Lot Size 5,324 Sqft
Acres 0.1222
Property 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, 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