4-Units | Berkeley

Investment Overview

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.

Investment Highlights

• 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.