1522 Prince Street

Berkeley, CA 94703

$2,000,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Fantastic and fully leased income property consisting 6 units, each 2 bed/1 bath approximately 822 sq feet, on a large, 6800 sq ft south facing lot, including private parking for each apartment. Strong rents in a super desirable and convenient Berkeley location, 3 min. to Ashby BART, 5 min to North Berkeley, great access to UC Berkeley, Rockridge, Elmwood,Berkeley Bowl, and popular commutes. A well managed property with many recent upgrades. 5.5% Cap rate!

Property Details for 1522 Prince Street

Area
Berkeley Map Area 8
City
BERKELEY
Building Type
Lowrise (1-3 Flrs)

Location

Listing Courtesy of COMPASS, William (Bill) Charman, DRE #01370959

Listing Agent

  1. William (Bill) Charman

    Listing Agent

    Compass

    DRE #01370959

Building Information for 1522 Prince Street

Stories-Residences-Year Built1963Building Size-Lot Size-

Payment Calculator

$7,194 per month

30 year fixed, 3.51% Interest

Principal and Interest

$7,194

Property Taxes

HOA Dues

$0

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Property Information for 1522 Prince Street

Features
    Feature Details
  • Flooring: Hardwood, Other
  • Laundry: Other
  • Disability Features: Other
    Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
    Home Owners Association
  • HOA Amenities: Other
    Property Details
  • Additional Equipment: Other
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Grade - Level
  • Roof: Tar and Gravel
  • Year Built: 1963
    Location Details
  • Directions to Property: Sacramento to Prince
  • FIPS Code: 06001
  • Census Tract: 4240.01
  • Parcel Number: 52-1542-22
  • Printed Neighborhood Rpt: Yes
  • Board ID: OAKLAND BERKELEY
  • Street Number Numeric: 1522.0
  • Street Name: Prince St
  • County: Alameda
  • Zip Code: 94703
Multi Family Information
    General Details
  • Financial Data Source: Accountant
    Income / Expense Details
  • Operating Expenses: Janitorial, Trash Removal, Other
Multi Family 5+ Information
    Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 0
  • Apx Lot Sq Ft: 6800
  • Basement: None
  • On Site Parking Description: Space Per Unit - 1
  • Separate Meters: Electric, Gas, Water
  • Some Units Have: Other
  • Tenant Pays: Electric, Gas, Water
  • Total # Parking Spaces: 6
  • Tot Ann Oper Exp: 43783.0
  • Tot Bldg Sq Ft: 4934.0
  • Total Deposits: 13285
    Unit 1 Information
  • Unit # 1 Approx SqFt: 822
  • Unit # 1 Parking Spaces: 1
  • Unit 1 # Units This Type?: 6
    Income / Expense Details
  • Annual Exp Year: 2019
  • Annual Gross Sched Income: $157,908
  • Annual Insurance Expense: $4,500
  • Annual License Expense: $1,100
  • Annual Maint Expense: $9,500
  • Annual Mgmt Expense: $6,500
  • Annual Misc Income: $490
  • Annual Rent Income: $157,908
  • Annual Taxes: $24,000
  • Annual Util Expense: $1,000
  • Annual Vacancy: 0.0
  • Gross Income: $158,317
  • Gross Operating Actual Income: $157,908
  • Gross Rent Multiplier: 12.66
  • Net Operating Income: $114,125
  • Other Annual Expense: $0
    Other Financial Information
  • Cap Rate: 5.5
  • Existing Loan: Other
  • Financial Data Source: Accountant
  • Ocpnt Req 24 Hr: Yes

Property History for 1522 Prince Street

DateEvent & SourcePriceAppreciation
Mar 2, 2020

Listed (Active)

EBRD #40897480

$2,000,000
Mar 1, 2020

Listed (Active)

MLSListings #EB40897480

$2,000,000
Aug 22, 2014

Sold (Public Records)

Public Record #433727233

$1,235,000
DateEvent & SourcePrice
03/02/2020

Listed (Active)

EBRD #40897480

$2,000,000
03/01/2020

Listed (Active)

MLSListings #EB40897480

$2,000,000
08/22/2014

Sold (Public Records)

Public Record #433727233

$1,235,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1522 Prince Street

Taxable ValueLand$333,987Additions$993,344Total$1,327,331
Tax Record2018$21,843
Home Facts
Beds12Finished Sq.Ft.4,934 SqFtStories2Lot Size6,800 SqFtStyleMulti-Family Dwelling (2-4)Year Built1963Year Renovated1963CountyALAMEDAAPN052 154202200

Schools near 1522 Prince Street

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Malcolm X Elementary SchoolPublicK-50.2 mi
6
Longfellow Arts And Technology Middle SchoolPublic6-80.5 mi
4
Berkeley Technology AcademyPublic10-120.7 mi
2
Ecole Bilingue de BerkeleyPrivatePK-80.7 mi
NR

Malcolm X Elementary School

K-5, 0.2 mi, Public

6

Longfellow Arts And Technology Middle School

6-8, 0.5 mi, Public

4

Berkeley Technology Academy

10-12, 0.7 mi, Public

2

Ecole Bilingue de Berkeley

PK-8, 0.7 mi, Private

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Property Details for 1522 Prince Street

StatusActive
MLS #40897480
Year Built1963
DOM27
Compass TypeMulti Family
MLS Type5+ Units / Lowrise (1-3 Flrs)
Lot Size-
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyAlameda County

Listing Agent

Contact Agent(s)

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1522 Prince Street is a multi-family home for sale in Berkeley, CA 94703. This property was listed for sale on March 2, 2020 by Compass at $2,000,000. It has been on the market for a total of 28 days and was last sold on August 22, 2014. Nearby schools include Malcolm X Elementary School, Global Montessori International School and Walden Center And School. 1522 Prince Street is a 0-bed, 0-bath, multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS, William (Bill) Charman, DRE #01370959
Based on information from the San Francisco Association of Realtors as of 03/02/2020 12:00 AM, the MLSListings MLS as of 03/02/2020 12:00 AM, or the BAREIS MLS as of 03/02/2020 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 03/09/2020 08:16 AM