1507 Prince St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$2,850,000 USD
916-698-9954
1507 Prince St, Berkeley, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/24
null | 7.46% Cap Rate

1507 Prince St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • Mixed Use Asset
  • Upgraded Electrical
  • Corner Lot
  • Strong Day 1 Cash Flow

OVERVIEW

***Located in Opportunity Zone*** Compass Commercial is proud to present 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.

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

13

PRICE/UNIT

$219,231

CAP RATE

7.46%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

C-SA

APN/PARCEL ID

053-1613-012-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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Willem BosCompass CommercialMore Info
916-698-9954

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.