$1,100,000
SOLD DEC 7, 2022

1616 Prince St Berkeley, CA 94703

South Berkeley Neighborhood
6 Beds
-- Bath
2,634 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$418 Per Sq Ft

15% Below List Price

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 #01932439 Listed on: 09/14/2022

Compass Commercial

Co-Listed By

Sebastian Gaetani

Marcus & Millichap License #01964305

Last Buyer's Agent

Nur Saglam

ATA Realty License #01368188

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

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

0

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

  • Number Of Rooms: 7
  • 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 1 Bedroom Units: 4
  • Number of 2 Bedroom Units: 1
  • Number Of Units Leased: 4

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 +26.8% $494 / Sq Ft
03/26/2020 03/26/20 Sold $1,025,000 0.0% $389 / Sq Ft
03/20/2020 03/20/20 Pending -- -- --
09/18/2019 09/18/19 For Sale $1,025,000 -- $389 / Sq Ft
Source: San Francisco Association of REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joe Levy

    Seller's Agent in 2022

    Joe Levy

    Compass Commercial

    (415) 990-1051

    1 in this area

    16 Total Sales

    Joe Levy
    Section Image
  • Sebastian Gaetani

    Seller Co-Listing Agent in 2022

    Sebastian Gaetani

    Marcus & Millichap

    (415) 250-3831

    1 in this area

    36 Total Sales

    Sebastian Gaetani
    Section Image

  • N

    Buyer's Agent in 2022

    Nur Saglam

    ATA Realty

    Section Image
  • Jimmy Perez

    Seller's Agent in 2020

    Jimmy Perez

    Pellego

    (520) 432-2808

    40 Total Sales

    Jimmy Perez
    Section Image
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Map

Source: San Francisco Association of REALTORS® MLS

MLS Number: 422694621

San Francisco Association of REALTORS® MLS
California Alameda County Berkeley 94703 South Berkeley

1616 Prince St, Berkeley, CA

This home is located at 1616 Prince St, Berkeley, CA 94703 and is currently priced at $1,100,000, approximately $417 per square foot. This property was built in 1939. 1616 Prince St is a home located in Alameda County with nearby schools including Malcolm X Elementary School, Emerson Elementary School, and John Muir Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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