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2360 Ellsworth St sits one block from the UC Berkeley campus edge in South Berkeley, where demand is driven by enrollment. Seven units and twenty six beds, leased by the bed or by the unit, so ownership runs whichever strategy the market rewards. A 6.60% cap and 9.22 GRM going in at 100% bed occupancy, with rents nearly 10% below market. The kicker: the seller is willing to sign a master lease at $452,092 per year, lifting day one returns to a 7.22% cap and 6.76% cash-on-cash with zero leasing risk, and the owner still keeps $24,272 a year of parking and other income. Collect steady, hands-off income or step in and operate for the upside. The heavy lifting is done: $370,531 of capital invested since 2013, seismic retrofit complete, garage parking, common laundry, renovated quartz kitchens. Offered at $4,350,000, $167,308 per bed.
Listing agent: Willem Bos DRE #02013980 willem@bosgroupcre.com, Listing office: COMPASS
MLS data updated 10/19/2026, 11:11:48 PM PT
Source: CRMLS, MLS #: 41145057
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Aug 14, 2026
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This home · nearest recorded event
$4,350,000Original asking price · Aug 14, 2026ZIP 94704 · Aug 2026
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