1507 Prince Street

Berkeley, CA 94703

$3,249,000
Price
Beds
8,749 Sq. Ft.
$371 / Sq. Ft.
8,749
Sq. Ft.
$371
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

Property Details for 1507 Prince Street

City
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
5
LISTING UPDATED: 10/17/2024 03:32 AM

Property Details for 1507 Prince Street

StatusActive
MLS #41076028
Days on Compass55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1930
Lot Size0.19 AC / 8,317 SF
CountyAlameda County

Building Information for 1507 Prince Street

Stories-Residences13Year Built1930Building Size-Lot Size0.19 AC / 8,317 SF

Property Information for 1507 Prince Street

Features
Feature Details
  • Flooring: Carpet, Wood, Other
  • Laundry: Washer, Dryer
Utility Details
  • Cooling: None
  • Heating: Other Heat
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Dryer, Washer, Other
  • City Transfer Tax: Yes
  • Exterior: Concrete, Vinyl Siding, Other
  • Lot Description: Corner
  • Lot Sq Ft Apx: 8317
  • Lot Size Square Feet: 8317.0
  • Roof: Other
  • Sq Ft Apx: 8749
  • Year Built: 1930
Location Details
  • Directions to Property: Corner of Prince and Sacramento
  • FIPS Code: 06001
  • Census Tract: yes
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 13
  • Basement: None
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Extra Storage, Other
  • Apx Lot Acres: 0
  • On Site Parking Description: See Remarks
  • Tot Ann Oper Exp: 106362.0
Income / Expense Details
  • Gross Income: $320,001
  • Gross Rent Multiplier: 10.2
  • Net Operating Income: $203,591
Other Financial Information
  • Cap Rate: 6.27
  • Existing Loan: ARM
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1507 Prince Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1507 Prince Street

Taxable ValueLand$1,207,240Additions$724,706Total$1,931,946
Tax Record2024$39,687 ($3,307 / month)
Home Facts
Total Finished SqFt8,749 SqFtAbove Grade Finished SqFt8,749 SqFtStories2Lot Size8,317 SqFtStyleOffice BuildingYear Built1930CountyALAMEDAAPN53-1613-12

Schools near 1507 Prince Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Washington Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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1507 Prince Street is a multi-family home for sale in Berkeley, CA 94703. This property was listed for sale on October 10, 2024 by Compass, it's currently listed at $3,249,000. It has been on the market for a total of 55 days and was last sold on May 17, 2013. This listing's school district is Berkeley Unified School District. Nearby schools include Washington Elementary School, Berkeley Arts Magnet at Whittier School and Oxford Elementary School. 1507 Prince Street is a 0-bed, 0-bath, 8,749 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Willem Bos, DRE #02013980

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.