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.
Off market
Zestimate®
$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
Owner options
What's special
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