2309 Prince St - Multi-Family FOR SALE


Berkeley, CA 94705- South Berkeley | 
$1,600,000 USD
949-929-9562
2309 Prince St, Berkeley, CA for Sale
$1,600,000 USD
Multi-Family - FOR SALE
1/57
null | 5.77% Cap Rate

2309 Prince St
Berkeley, CA 94705
South Berkeley


OVERVIEW

Open House Schedule Saturday, Sept 26, 2026 | 12NN - 3PM Sunday, Sept 27, 2026 | 12NN - 3PM - Four-unit Berkeley property: Approximately 3,815 square feet of building area on a 3,600-square-foot lot, just off Telegraph Avenue. - Flexible unit mix: Two one-bedroom, one-bathroom units; one four-bedroom, two-bathroom unit; and one three-bedroom, one-bathroom unit. The larger units provide options for both investors and owner occupants. - Tastefully updated interiors: Three of the four existing units have been updated, giving the property a strong starting point for its next owner. - Approved garage conversion ADU: The property comes with a permit to convert the garage into an approximately 800-square-foot, two-bedroom, one-bathroom unit. Once completed and leased, the ADU is projected to generate $3,000–$3,500 per month. - Additional storage income opportunity: Substantial storage space offers the potential for another rental income stream. - Compelling owner-occupant option: A buyer could live in the three-bedroom unit and, after completing and leasing the ADU, collect an estimated $11,000 per month from the other four units. - Individually metered utilities: Each existing unit has its own gas and electricity meters. The owner currently pays for water and garbage. - Convenient location: Near Telegraph Avenue’s restaurants and shops, Whole Foods Market, neighborhood parks, Ashby BART, and the UC Berkeley campus. 2307–2309 Prince Street offers four units near Telegraph Avenue, with three residences tastefully updated and an approved permit for a two-bedroom, one-bathroom garage conversion ADU that creates room to grow. The building spans 3,815 square feet on an approximately 3,600-square-foot lot. Its unit mix includes two one-bedroom, one-bathroom units, a four-bedroom, two-bathroom unit, and a three-bedroom, one-bathroom unit. Gas and electricity are separately metered for each unit; the owner pays for water and garbage. Substantial storage space offers potential for additional income. The permitted garage conversion would add an approximately 800-square-foot ADU, projected to generate $3,000–$3,500 per month once completed and leased. Telegraph Avenue’s restaurants and shops, Whole Foods Market, neighborhood parks, Ashby BART, and UC Berkeley are nearby. An investor can explore the property’s additional income opportunities, while an owner occupant could live in the three-bedroom unit and collect an estimated $11,000 per month from the other four units after completing and leasing the ADU.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$419 USD /SF

# OF UNITS

4

PRICE/UNIT

$400,000

CAP RATE

5.77%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2307-2309 Prince St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

052-1576-014-00

ASK ABOUT THIS PROPERTY

Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

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Jatin MehtaKite Hill Real EstateMore Info
949-929-9562

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.