1507 Prince St
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1507 Prince St
13 Unit Apartment Building $4,569,393 CAD ($351,492 CAD/Unit) 6.27% Cap Rate Berkeley, CA 94703
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.
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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Pantry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+2 | 1 | - | - |
| 5+2 | 1 | - | - |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 053-1613-012-00 | Improvements Assessment | $1,009,834 CAD (2024) |
| Land Assessment | $1,682,217 CAD (2024) | Total Assessment | $2,692,051 CAD (2024) |
PROPERTY TAXES
Parcel Number
053-1613-012-00
Land Assessment
$1,682,217 CAD (2024)
Improvements Assessment
$1,009,834 CAD (2024)
Total Assessment
$2,692,051 CAD (2024)
zoning
| Zoning Code | C-SA |
| C-SA |
-
Willem Bos -
Kevin Velotta -
Compass Commercial
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1507 Prince St
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