NOT LISTED FOR SALE
6 Beds
-- Bath
2,634 Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: December 7, 2022

Last sale price $1,100,000 $418 Per Sq Ft

26 Days on Market

About This Home

As of December 2022

Co-listed with Ismael Benhamida & Chris Saiz, we are pleased to bring to market a fantastic opportunity to own a five-unit property located at 1616 Prince Street in Berkeley California. The property is in a fantastic location just two blocks off Ashby Avenue and only five blocks from the Ashby Bart station. The property consists of four one-bedroom apartments and a nicely updated two-bedroom one-bathroom single family home that is vacant. The four one-bedroom apartments all have similar layouts with separate kitchen areas, a large living room and separate bedroom with a bathroom in the hallway. Two of the four apartments have been updated with new appliances, updated bathrooms, and updated kitchens. All of the units are separately metered for water and PGE. 1616 Prince street is an amazing opportunity for an owner user to own an investment where you can live in the single family home and rent out the other four units for additional income. Cap is 5.28, GRM 12.54

Last Agent to Sell the Property

Joe Levy

Compass Commercial License #DRE #01932439 Listed on: 09/14/2022

Compass Commercial

Co-Listed By

Sebastian Gaetani

Marcus & Millichap License #DRE #01964305

Last Buyer's Agent

Nur Saglam

ATA Realty License #01368188

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 5,227

Home Design

  • 2,634 Sq Ft Home

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Listing and Financial Details

  • Assessor Parcel Number 052154502600

Community Details

Overview

  • 5 Units

Building Details

  • 4 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Year Built: 1939
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 417.62
  • Square Footage: 2634.00

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4.00

Fee Information

  • Utilities Expenses: 3565

Lot Info

  • Assessor Parcel Number: 052154502600
  • Lot Features: None
  • Lot Size Units: SqFt

Building Info

  • Number of Units Total: 5

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 10.41
  • Number Of1 Bedrooms Occupied: 4
  • Number Of Units Leased: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2022
Closed on
Nov 17, 2022
Sold by
Bought by
Seller's Agent
Joe Levy
Compass Commercial
Buyer's Agent
Nur Saglam
ATA Realty
List Price
$1,300,000
Sold Price
$1,100,000
Premium/Discount to List
-$200,000
-15.38%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Outstanding Balance
$614,809
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2021
Sold by
Bought by

Purchase Details

Closed on
Aug 10, 2021
Sold by
Bought by

Purchase Details

Closed on
Mar 10, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.4%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,100,000 Old Republic Title
$297,711 None Available
$297,711 None Available
$297,711 None Listed On Document
$1,025,000 Allied Title & Escrow Svcs
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $640,000
Previous Owner $500,000
Previous Owner $1,000,000
Previous Owner $5,000,000
Previous Owner $200,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/07/2022 12/07/22 Sold $1,100,000 -15.4% $418 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/14/2022 09/14/22 For Sale $1,300,000 -- $494 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $22,004 $1,167,320 $530,600 $636,720
2025 $22,004 $1,144,440 $520,200 $624,240
2024 $19,112 $1,122,000 $510,000 $612,000
2023 $18,620 $1,100,000 $500,000 $600,000
2022 $20,799 $1,295,000 $450,000 $845,000
2021 $17,911 $1,035,619 $454,662 $580,957
2020 $8,048 $300,643 $137,268 $163,375
2019 $7,468 $294,760 $134,576 $160,184
2018 $7,287 $288,993 $131,938 $157,055
2017 $6,966 $282,871 $129,352 $153,519
2016 $6,570 $277,328 $126,816 $150,512
2015 $6,460 $273,164 $124,911 $148,253
2014 $6,703 $267,816 $122,464 $145,352
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 422694621

San Francisco Association of REALTORS®
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