1507 Prince St - Apartments FOR SALE


Berkeley, CA 94703
$3,195,000 USD
916-698-9954
1507 Prince St, Berkeley, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/39
null | 6.42% Cap Rate

1507 Prince St
Berkeley, CA 94703


HIGHLIGHTS

  • Retail spaces are fully occupied with excellent frontage on Sacramento Street
  • Fully leased property with a steady revenue stream from a diverse unit mix
  • Two buildings, including a detached home
  • Gated Parking
  • Excellent street visibility along Sacramento Street

OVERVIEW

Compass Commercial is thrilled to present 1507 Prince Street In Berkeley, a property that has undergone recent renovations, bringing it up to modern standards. The two-story mixed-use building, a detached Victorian-style home, and a gated parking lot now feature 13 units, four ground-floor retail spaces, and nine residential units across two buildings. Seven of the apartment units have one bedroom and one bathroom, one unit has two bedrooms and one bathroom, and the detached home boasts four bedrooms and two bathrooms. The gated parking lot offers approximately five spaces, making it a convenient feature for residents. 1507 Prince Street is ideally situated in the vibrant South Berkeley neighborhood, offering a wealth of amenities within easy reach. Residents can enjoy the proximity to parks, restaurants, shops, and public transportation. The property is also conveniently located near multiple freeways and public transportation, making it easy to get around. Downtown Berkeley and UC Berkeley are just a few minutes away, adding to the property's appeal.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$365 USD /SF

# OF UNITS

13

PRICE/UNIT

$245,769

CAP RATE

6.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Price Reduced!

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 Policy.