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Off market
  • $2,409,400

    2941 Telegraph Ave, Berkeley, CA 94705

    --beds
    0baths
    5,697sqft
    Lowrise (1-3 Flrs)
    Built in 1955
    -- sqft lot
    $2,409,400 Zestimate®
    $423/sqft
    $3,629 Estimated rent

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    $3,629/mo

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    $3,629/mo

    Rent Zestimate®

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    $15,200/mo

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    $15,200/mo

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    What's special

    The 2941 Telegraph Building is located at the intersection of Telegraph Ave and Ashby Ave in Berkeley. This multi-tenant building is comprised of three commercial spaces, with two professional offices and one pharmacy store. All three tenants have been in this location for over 25 years. This building features two story of remodeled spaces with new hardwood floors and new carpet. The upstairs office boasts abundant natural lights, two conference rooms, two uni-sex restrooms, one kitchen. Impressively, the property comes with seventeen dedicated parking spaces, allowing extra parking for customers. The anchor tenant in this building is the owner, leasing back after the sale. This property management company managing over 500 residential and commercial units in the Bay Area. In 2019, it awarded the Best Property Management Company in Berkeley. Its thriving business makes this investment more attractive.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Forced air, Gas
    Cooling
    • None
    Interior area
    • Total interior livable area: 5,697 sqft

    Property

    Parking
    • Total spaces: 17
    • Parking features: Carport
    Lot
    • Size: 6,141 sqft
    • Features: Level
    Details
    • Parcel number: 52157220

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Lowrise (1-3 Flrs)
    Condition
    • Year built: 1955

    Utilities & green energy

    • Water: Public

    Community & neighborhood

    Location
    • Region: Berkeley

    HOA & financial

    Other financial information
    • Total actual rent: 16637

    Other

    Other facts
    • WaterSource: Public
    • Heating: Gas, Forced Air 1 Zone
    • HeatingYN: true
    • NumberOfUnitsTotal: 3
    • LotFeatures: Level
    • TenantPays: Electricity, Water
    • VacancyAllowance: 0
    • ProfessionalManagementExpense: 6000
    • MlsStatus: Active
    • GrossIncome: 199644
    • GrossScheduledIncome: 199644
    • NetOperatingIncome: 199644
    • OperatingExpense: 32957
    • TotalActualRent: 16637
    • InsuranceExpense: 3620
    • MaintenanceExpense: 4465
    • PropertySubType: Lowrise (1-3 Flrs)
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    Estimated market value
    $2,409,400