Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

964 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1507 Prince St

13 Unit Block of Flats £2,566,742 (£197,442/Unit) 6.27% Net Initial Yield Berkeley, CA 94703

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Retail spaces are fully occupied with excellent frontage on Sacramento Street
Two buildings, including a detached home
Excellent street visibility along Sacramento Street

Fully leased property with a steady revenue stream from a diverse unit mix
Gated Parking

Executive Summary

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.

BosGroup_OM_1507PrinceSt_Digital

Financial Summary (Actual - 2023) Click Here to Access	Annual	Annual Per SF
Gross Rental Income	$99,999	$9.99
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$99,999	$9.99
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$99,999	$9.99
Net Operating Income	$99,999	$9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual	$99,999
Annual Per SF	$9.99

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$99,999
Annual Per SF	$9.99

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$99,999
Annual Per SF	$9.99

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

Property Facts

Price	£2,566,742	Apartment Style	Low Rise
Price Per Unit	£197,442	Building Class	C
Sale Type	Investment	Lot Size	0.19 AC
Net Initial Yield	6.27%	Building Size	8,749 SF
Sale Conditions	1031 Exchange	Number of Floors	2
Gross Rent Multiplier	10.2	Year Built	1930
No. Units	13	Parking Ratio	0.57/1,000 SF
Property Type	Residential	Level Access Doors	3
Property Subtype	Apartment General Retail Storefront Retail/Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£2,566,742
Price Per Unit	£197,442
Sale Type	Investment
Net Initial Yield	6.27%
Sale Conditions	1031 Exchange
Gross Rent Multiplier	10.2
No. Units	13
Property Type	Residential
Property Subtype	Apartment General Retail Storefront Retail/Residential
Apartment Style	Low Rise
Building Class	C
Lot Size	0.19 AC
Building Size	8,749 SF
Number of Floors	2
Year Built	1930
Parking Ratio	0.57/1,000 SF
Level Access Doors	3
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.