4-Units | Berkeley

2309 Prince St, Berkeley, CA 94705

Property Information

  • For Sale $1,600,000
  • Property Type Multi-Family
  • Property Size 3,815 SF
  • Units 4
  • Lot Size 0.08 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1910
  • Date Updated Oct 2, 2026

Description

2309 Prince Street is set on a residential block between Telegraph Avenue and the Elmwood District, placing residents near some of Berkeley’s best known shopping and dining corridors. College Avenue’s Elmwood District has an inviting neighborhood feel, with independent boutiques, cafés, restaurants, and the historic Elmwood movie theater. In the other direction, Telegraph Avenue brings its own mix of food, bookstores, shops, and the lively character that has long been part of Berkeley’s identity. Everyday errands are convenient from this location. Whole Foods Market is on Telegraph Avenue, while Berkeley Bowl on Oregon Street offers another popular grocery option. Just around the corner, Halcyon Commons Park provides a small green space with places to sit, gather, and enjoy time outdoors. These nearby destinations give residents plenty of ways to enjoy the neighborhood beyond their front door. The property also benefits from its place in the broader Berkeley community. UC Berkeley, the Telegraph Avenue district, and Downtown Berkeley offer a wide range of dining, cultural events, and activities. Ashby BART provides a connection to Oakland, San Francisco, and other Bay Area destinations, adding a transit option alongside the neighborhood’s local streets. For an owner occupant or investor, 2309 Prince Street offers a location with appeal across a range of lifestyles: a residential setting, established shopping districts, nearby parks, and access to the destinations that make Berkeley such a distinctive place to live. Walk Score - 93 Transit Score - 64 Bike Score - 992307–2309 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.

Highlights

  • Additional storage income opportunity: Substantial storage space offers the potential for another rental income stream.
  • 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.
  • 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.
  • Convenient location: Near Telegraph Avenue’s restaurants and shops, Whole Foods Market, neighborhood parks, Ashby BART, and the UC Berkeley campus.
  • 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.
  • Four-unit Berkeley property: Approximately 3,815 square feet of building area on a 3,600-square-foot lot, just off Telegraph Avenue.
  • Individually metered utilities: Each existing unit has its own gas and electricity meters. The owner currently pays for water and garbage.
  • Tastefully updated interiors: Three of the four existing units have been updated, giving the property a strong starting point for its next owner.

Contacts

Location

Located at 2309 Prince St, Berkeley, CA 94705, this property is part of the South Berkeley neighborhood and Bay Area market.

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