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1507 Prince St, Berkeley, CA 94703
Priced at Only: $2,850,000
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Address: 1507 Prince St, Berkeley, CA 94703
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  • MLS#: 41122900 ( )
  • Street Address: 1507 Prince St
  • Viewed: 1
  • Price: $2,850,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1930
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: ALAMEDA
  • City: Berkeley
  • Zipcode: 94703
  • Subdivision: Berkeley
  • Provided by: COMPASS
  • Contact: Willem Willem
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    1507 Prince Street, Berkeley, a mixed use investment offered at $2,850,000, delivering a strong 7.46% Cap Rate and 8.6 GRM with durable in place income and clear upside. The property consists of 13 total units across two buildings, including four ground floor retail suites with prime frontage along Sacramento Street and nine residential units, plus a detached Victorian style home. The residential mix includes seven one bedroom one bath units, one two bedroom one bath unit, and a four bedroom two bath single family home, providing a diversified and resilient tenant base. Recent electrical and plumbing upgrades significantly reduce near term capital exposure. Retail tenants are long term, stable operators with interest in longer lease terms, while residential rents remain below market, creating meaningful upside through turnover and strategic management. Additional amenities include a gated parking lot with approximately five spaces, a valuable feature in this location. Ideally situated in South Berkeley, the property benefits from excellent visibility, walkable neighborhood amenities, and proximity to BART, major freeways, Downtown Berkeley, and University of California, Berkeley.
Features
Association Fee
  1. 0.00
Construction Materials
  1. Concrete
  2. Vinyl Siding
  3. See Remarks
Cooling
  1. None
Days On Market
  1. 12
Heating
  1. See Remarks
Laundry Features
  1. Dryer Included
  2. Washer Included
Lot Features
  1. Corner Lot
Netoperatingincome
  1. 212674.00
Parcel Number
  1. 53161312
Sourcesystemkey
  1. 41122900:BMLS
Subdivision Name Other
  1. BERKELEY
Tenant Pays
  1. Gas
Water Source
  1. Other
Year Built
  1. 1930
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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