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… Read More 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. Read Less
Property listed by COMPASS, Willem Bos 415-660-9955
Listing Snapshot
Days Online
75
Last Updated
Lot Size
0.19 Acres
Year Built
1930
MLS Number
41122900
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1930, Construction Materials: Concrete, SeeRemarks, VinylSiding
Cooling
None
Heating
SeeRemarks
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $324,025, Net Operating Income: $212,674
Lot
0.1909 acres, CornerLot
Parking
5 total parking spaces
Taxes
Parcel Number: 53161312
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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