1507 Prince St, Berkeley, CA 94703

Berkeley
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
1507 Prince St,Berkeley, CA 94703
$2,850,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: willem bos, kevin velotta
Office: compass415-660-9955
MLS#:41122900
Source:CRMLS

Price summary

  • Price:$2,850,000

About this home

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...

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Home facts

  • Year built:1930
  • Listing ID #:41122900
  • Added:100 day(s) ago
  • Updated:May 15, 2026 at 10:47 AM

Structure and exterior

  • Year built:1930
  • Lot area:0.19 Acres
  • Lot Features:Corner Lot
  • Construction Materials:Concrete, Vinyl Siding

Finances and disclosures

  • Price:$2,850,000

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:5
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