Home | Alameda County | Berkeley | 94703 | 1507 Prince St
MLS: EB41122900 | Status: | Price: $2,850,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 8,749 | 8,317 | 1930 |
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.
| Field | Value |
|---|---|
| MLS # | EB41122900 |
| MLS Source | Bridge MLS |
| Days on Site | 59 |
| Feature | Details |
|---|---|
| Appliances | Dryer, Washer |
| Flooring | Carpet - Wall to Wall, Other, Wood |
| Cooling | None |
| Feature | Details |
|---|---|
| Roof | Other |
| Feature | Details |
|---|---|
| Water | Other |
| Complex Amenities | Other |
| Listing Agent | Co-Listing Agent |
|---|---|
| Willem Bos | Kevin Velotta |
| COMPASS | |
| License #: 02013980 | License #: 01945129 |
| Phone: (916) 698-9954 | Phone: (415) 345-3000 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 1612 Parker St | $2,750,000 | – | – | 9,205 | |
| 2509 Dwight Way | $2,500,000 | – | – | 3,478 | Active |
| 2702 Dana St | $2,395,000 | – | – | 5,567 | |
| 1626 Francisco St | $2,800,000 | – | – | 10,330 | |
| 4218 Piedmont Ave | $3,398,000 | – | – | 8,798 |
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This listing information is up-to-date as of February 12, 2026. For the most current information, please contact Willem Bos, (916) 698-9954.