Prospect Manor
2430 Prospect Street
Berkeley, CA  94704

Property Description:  

Prospect Manor is a 29-unit complex that offers spacious 1 bedroom apartments. This building is an architectural treasure with tremendous charm and character throughout.  It also has a beautiful courtyard with a lush garden.  The units are beautiful, most of them having refinished hardwood floors and modern upgrades. There is an elevator, underground secured parking and coin operated laundry machines on site.  In addition, a resident manager is available to help. 

The Premium Difference
This property is professionally managed for Premium Service! We treat you like a customer and you can expect a high level of service from a friendly staff who's primary goal is to make you happy. We resolve any maintenance issues quickly and efficiently. Our properties are well maintained inside and out. For larger properties, you have access to a Conscientious On-Site Resident Manager to provide you with even more service. Why rent an ordinary property when you can live in a Premium Property?

This spectacular apartment came available in the off-season due to its recent renovation.  This is unfortunate for us, but great for you.  Given the seasonal nature of the rental market, the Owners don’t expect to receive around $2,395 per month for this apartment, which they would have received in June.  Instead, they are offering to rent this apartment at a below market average rent of $1,650 per month through May 31^st, 2020. 

Berkeley has rent control.  The law prevents us from simply lowering the rent in the off-season and then raising it back up when the market changes.  So, instead, we have to provide our promotions in an unconventional way.  Your terms will be as follows:

Monthly Rent Payment Schedule:

·         December, 2019                                 $2,829

·         January, 2020                                    Free Rent

·         February, 2020                                   $2,829

·         March, 2020                                       Free Rent

·         April, 2020                                         $1,414

·         May, 2020                                          $2,829

·         June, 2019 – May, 2021                       $2,829 per month

Lease Term:                                        December 1st, 2019 – May 31^st, 2021

Option to Terminate:                                    The lease may be terminated without penalty on May 31^st, 2020 with at least 90 days written notice.

Effective Rent:                                   Total rent for the first 6 months is $9,901
(12/2019 – 5/2021)                                           which averages $1,650 per month                                                                                       

Security Deposit:                                 $2,829

Move-in Funds:                                    $5,658 (First Month’s Rent & Security Deposit)

Pets:                                                  Indoor Cat Only For Additional $50/Month

*Per the Berkeley Rent Control Ordinance, after the initial term of the lease expires, the rent will be reduced to $2,436 per month, which is the average of the initial term’s rent payments.