1507 Prince Street, Berkeley, CA


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Square feet



About 1507 Prince Street

1507 Prince Street is a 13 unit mixed use property located in South Berkeley. The property consists of four retail units that front along busy Sacramento St, and nine apartments within 2 buildings totaling 9,600 square feet (buyer to verify) on a 8,317 square foot parcel. The building on Prince Street features a four bedroom/ 2 bathroom unit upstairs and four - 1 bedroom/1 bathroom units on the ground floor. FANTASTIC IN PLACE RENTAL INCOME WITH ADDITIONAL UPSIDE - In-place rents that are roughly 17% below market rates. Impressive 4.46% cash on cash return assuming interest only financing at 6.875%. WELL MAINTAINED PROPERTY WITH SIGNIFICANT INTERIOR & EXTERIOR RENOVATIONS - Several units have updated flooring, kitchens, bathrooms as well as new appliances. New roof installed on Victorian building on Prince St. POTENTIAL OWNER OCCUPIED OPPORTUNITY - 4 Bedroom 2 Bathroom unit (all of upstairs of Victorian building) provides investor unique opportunity to occupy while offsetting mortgage with remaining rental income. SOUTH BERKELEY LOCATION NEAR TRENDY N.O.B.E. DISTRICT - Just blocks from Ashby BART Station & steps from AC Transit Bus Stops and numerous shops and restaurants. Traffic counts in excess of 20,500 VPD along Sacramento Street. Located in opportunity zone.

Features of 1507 Prince Street

MLS® # 41044414
Price $3,750,000
Bathrooms 0.00
Square Footage 9,600
Acres 0.19
Year Built 1951
Sub-Type 5 or More Units
Status Active

Community Information

Address 1507 Prince Street
Area Listing
City Berkeley
County Alameda
State CA
Zip Code 94703


Utilities Water/Sewer Meter on Site
Parking Spaces 5
Parking On Street, Parking Lot, Uncovered Parking Space
Is Waterfront No
Has Pool No


Appliances Dryer, Washer
Heating MultiUnits
Cooling Multi Units
Fireplace No


Lot Description Corner Lot, Regular, Security Gate
Construction None

Additional Information

Date Listed November 14th, 2023
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentEric Keena
OfficeBHHS Drysdale Properties

Listing Map

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