1507 Prince St, Berkeley, CA 94703
1507 Prince St, Berkeley, CA 94703
1507 Prince St, Berkeley, CA 94703
30
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$2,850,000
Est. payment /mo
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8,315 Sqft Lot
Active

1507 Prince St Berkeley, CA 94703

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Brent Cate

Brent Cate

+1(559) 304-6188

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Berkeley

MLS Listing ID 41122900

HOA Y/N No

Year Built 1930

Lot Size 8,315 Sqft

Property 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.

Location

State CA

County Alameda

Interior

Heating See Remarks

Cooling None

Fireplace No

Appliance Dryer, Washer

Exterior

Total Parking Spaces 5

Building

Lot Description Corner Lot

Water Other

Others

Tax ID 53161312

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Willem Bos COMPASS #02013980

NEARBY SCHOOL & BUSINESS

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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1507 Prince St

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