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2811-2815 Telegraph Ave 5,253 SF 62% Leased Retail Building Berkeley, CA 94705 $1,599,000 ($304.40/SF) 8.88% Cap Rate
INVESTMENT HIGHLIGHTS
- The combination of restaurant space and residential units offers diverse income opportunities
- Residential units offer rental income to offset operating expenses
- Vacant restaurant is ideal for owner operator
- High foot traffic, walking distance to UC Berkeley
EXECUTIVE SUMMARY
PRICE REDUCTION! See Broker for Open house times.
8.11% 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 kitchen, perfect 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!
8.11% 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 kitchen, perfect 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!
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,253 SF
Building Class
C
Year Built
1908
Price
$1,599,000
Price Per SF
$304.40
Cap Rate
8.88%
NOI
$141,925
Percent Leased
62%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.00
Lot Size
0.12 AC
Zoning
C-T - The C-T (Telegraph Avenue Commercial) district is designed to support a vibrant mix of uses including retail, residential, and commercial
Parking
4 Spaces (0.76 Spaces per 1,000 SF Leased)
Frontage
62’ on Telegraph Ave
Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 053-1692-027-00 | Total Assessment | $729,135 (2025) |
| Land Assessment | $202,887 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $533,248 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
053-1692-027-00
Land Assessment
$202,887 (2025)
Improvements Assessment
$533,248 (2025)
Total Assessment
$729,135 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2811-2815 Telegraph Ave
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