1507 Prince Street, Berkeley, CA, 94703

1507 Prince Street Berkeley, CA 94703

1507 Prince Street, Berkeley, CA, 94703
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$2,900,000
Last Verified:
Apr 01, 2025

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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
  • Gated Parking
  • Two buildings, including a detached home
  • Excellent street visibility along
  • Sacramento Street
  • Easy Access less than a mile from BART
  • and multiple freeways
  • Commercial Zoning

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 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.


Year Built: 1930
Building Size: 8749sq ft
Lot Size: 0.19 acres

Map of 1507 Prince Street, Berkeley, CA, 94703

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.