About 2811-2815 Telegraph Avenue
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!
Features of 2811-2815 Telegraph Avenue
| MLS® # | 424081532 |
|---|---|
| Price | $1,890,000 |
| Bedrooms | 6 |
| Bathrooms | 5.00 |
| Full Baths | 3 |
| Square Footage | 5,253 |
| Acres | 0.12 |
| Year Built | 1908 |
| Type | Residential Income |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 2811-2815 Telegraph Avenue |
|---|---|
| Area | Berkeley Map Area 9 |
| City | Berkeley |
| County | Alameda |
| State | CA |
| Zip Code | 94705 |
Amenities
| Utilities | Natural Gas Connected |
|---|---|
| Parking Spaces | 4 |
| Parking | Detached, Garage, Uncovered |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Free-Standing Gas Range, Free-Standing Refrigerator |
|---|---|
| Heating | Central, Wall Furnace |
| Cooling | None |
| Fireplace | No |
| Stories | Three Or More |
| Has Basement | No |
| Basement | None |
Exterior
| Lot Description | Shape Regular |
|---|---|
| Construction | Stucco, Wood |
| Foundation | Concrete Perimeter |
Additional Information
| Date Listed | November 22nd, 2024 |
|---|
Listing Details
| Agent | Vincent Heung |
|---|---|
| Office | Compass |