1507 Prince St

Beds
Baths
8,749 Sq. Ft.
$326 / Sq. Ft.
8,749
Sq. Ft.
$326
per Sq. Ft.

Description

Compass Commercial is proud to present 1507 Prince Street, Berkeley, a mixed-use investment offered at $2,850,000, delivering a strong 7.46% Cap Rate and 8.6 GRM with durable in-place income and clear upside. The property consists of 13 total units across two buildings, including four ground-floor retail suites with prime frontage along Sacramento Street and nine residential units, plus a detached Victorian-style home. The residential mix includes seven one-bedroom one-bath units, one two-bedroom...Compass Commercial is proud to present 1507 Prince Street, Berkeley, a mixed-use investment offered at $2,850,000, delivering a strong 7.46% Cap Rate and 8.6 GRM with durable in-place income and clear upside. The property consists of 13 total units across two buildings, including four ground-floor retail suites with prime frontage along Sacramento Street and nine residential units, plus a detached Victorian-style home. The residential mix includes seven one-bedroom one-bath units, one two-bedroom one-bath unit, and a four-bedroom two-bath single-family home, providing a diversified and resilient tenant base. Recent electrical and plumbing upgrades significantly reduce near-term capital exposure. Retail tenants are long-term, stable operators with interest in longer lease terms, while residential rents remain below market, creating meaningful upside through turnover and strategic management. Additional amenities include a gated parking lot with approximately five spaces, a valuable feature in this location. Ideally situated in South Berkeley, the property benefits from excellent visibility, walkable neighborhood amenities, and proximity to BART, major freeways, Downtown Berkeley, and University of California, Berkeley.

Listing Agents

  1. Willem Bos

    Willem Bos

    Listing Agent

    Compass

    DRE #02013980

    willem.m.bos@compass.com

    P: (916)-698-9954

  2. Kevin Velotta

    Kevin Velotta

    Alternative Listing Agent

    Compass

    DRE #01945129

    kevin.velotta@compass.com

    P: (562)-822-8717

Property Details for 1507 Prince Street

City
BERKELEY
Dist Neighborhood Subdiv
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Total # Parking Spaces
5
LISTING UPDATED: 02/06/2026 10:17 AM

Property Details for 1507 Prince Street

StatusNew
MLS #41122900
Days on Compass3
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

Location

Listing Courtesy of Compass, Willem Bos, DRE #02013980; Compass, Kevin Velotta, DRE #01945129
Add your commute

Building Information for 1507 Prince Street

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

Payment Calculator

$17,767 per month

30 year fixed, 6.15% Interest

Principal and Interest

$13,890

Property Taxes

$3,877

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1507 Prince Street

Features
Feature Details
  • Flooring: Carpet, Other, Wood
  • Laundry: Washer, Dryer
Utility Details
  • Cooling: None
  • Heating: Other
  • Water/Sewer: Other
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Dryer, Other, Washer
  • City Transfer Tax: Yes
  • Exterior: Concrete, Other, Vinyl Siding
  • Lot Description: Corner Lot
  • 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: 111351.0
Income / Expense Details
  • Annual Gross Sched Income: $324,025
  • Gross Rent Multiplier: 8.6
  • Net Operating Income: $212,674
Other Financial Information
  • Cap Rate: 7.46%
  • Existing Loan: ARM
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1507 Prince Street

DateEvent & SourcePriceAppreciation
Feb 3, 2026

Listed (Active)

MLSListings #EB41122900

$2,850,000
Feb 3, 2026

Listed (Active)

EBRD #41122900

$2,850,000
Jun 21, 2025

Expired

MLSListings #MR41076028

$2,900,000
Jun 21, 2025

Expired

EBRD #41076028

May 20, 2025

Listed (Active)

MLSListings #MR41076028

$2,900,000
May 20, 2025

Listed (Active)

EBRD #41076028

$2,900,000
Apr 22, 2025

Pending

MLSListings #MR41076028

Apr 22, 2025

Pending

EBRD #41076028

Mar 18, 2025

Price Change

MLSListings #MR41076028

$2,900,000
Mar 18, 2025

Price Change

EBRD #41076028

$2,900,000
Jan 23, 2025

Price Change

MLSListings #MR41076028

$3,195,000
Jan 23, 2025

Price Change

EBRD #41076028

$3,195,000
Oct 10, 2024

Listed (Active)

MLSListings #EB41076028

$3,249,000
Oct 10, 2024

Listed (Active)

EBRD #41076028

$3,249,000
Apr 24, 2024

Expired

MLSListings #BE41044414

$3,637,500
Apr 23, 2024

Expired

CRMLS #41044414

$3,637,500
Mar 15, 2024

Expired

EBRD #41044414

Mar 15, 2024

Temporarily Off Market

EBRD #41044414

Mar 15, 2024

Temporarily Off Market

MLSListings #BE41044414

$3,637,500
Mar 14, 2024

Withdrawn

CRMLS #41044414

Jan 18, 2024

Price Change

MLSListings #BE41044414

$3,637,500
Jan 18, 2024

Price Change

EBRD #41044414

$3,637,500
Jan 17, 2024

Price Change

CRMLS #41044414

$3,637,500
Nov 14, 2023

Listed (Active)

CRMLS #41044414

$3,750,000
Nov 14, 2023

Listed (Active)

EBRD #41044414

$3,750,000
Nov 14, 2023

Listed (Active)

MLSListings #BE41044414

$3,750,000
May 17, 2013

Sold (Public Record)

Public Record #355193428

$1,600,500

+4.1% / yr

May 17, 2013

Sold

EBRD #40604384

$1,600,000
May 17, 2013

Sold

MLSListings #MR40604384

$1,600,000
Mar 5, 2013

Pending

EBRD #40604384

Mar 5, 2013

Pending

MLSListings #MR40604384

Feb 21, 2013

Listed (Active)

EBRD #40604384

$1,750,000
Feb 21, 2013

Listed (Active)

MLSListings #MR40604384

$1,750,000
Feb 1, 2009

Expired

RESFAR #40360069

$2,199,888
Aug 1, 2008

Listed (Active)

RESFAR #40360069

$2,199,888
Jul 5, 2007

Sold (Public Record)

Public Record #224588646

$1,263,000
DateEvent & SourcePrice
02/03/2026

Listed (Active)

MLSListings #EB41122900

$2,850,000
02/03/2026

Listed (Active)

EBRD #41122900

$2,850,000
06/21/2025

Expired

MLSListings #MR41076028

$2,900,000
06/21/2025

Expired

EBRD #41076028

05/20/2025

Listed (Active)

MLSListings #MR41076028

$2,900,000
05/20/2025

Listed (Active)

EBRD #41076028

$2,900,000
04/22/2025

Pending

MLSListings #MR41076028

04/22/2025

Pending

EBRD #41076028

03/18/2025

Price Change

MLSListings #MR41076028

$2,900,000
03/18/2025

Price Change

EBRD #41076028

$2,900,000
01/23/2025

Price Change

MLSListings #MR41076028

$3,195,000
01/23/2025

Price Change

EBRD #41076028

$3,195,000
10/10/2024

Listed (Active)

MLSListings #EB41076028

$3,249,000
10/10/2024

Listed (Active)

EBRD #41076028

$3,249,000
04/24/2024

Expired

MLSListings #BE41044414

$3,637,500
04/23/2024

Expired

CRMLS #41044414

$3,637,500
03/15/2024

Expired

EBRD #41044414

03/15/2024

Temporarily Off Market

EBRD #41044414

03/15/2024

Temporarily Off Market

MLSListings #BE41044414

$3,637,500
03/14/2024

Withdrawn

CRMLS #41044414

01/18/2024

Price Change

MLSListings #BE41044414

$3,637,500
01/18/2024

Price Change

EBRD #41044414

$3,637,500
01/17/2024

Price Change

CRMLS #41044414

$3,637,500
11/14/2023

Listed (Active)

CRMLS #41044414

$3,750,000
11/14/2023

Listed (Active)

EBRD #41044414

$3,750,000
11/14/2023

Listed (Active)

MLSListings #BE41044414

$3,750,000
05/17/2013

Sold (Public Record)

Public Record #355193428

$1,600,500

+4.1% / yr

05/17/2013

Sold

EBRD #40604384

$1,600,000
05/17/2013

Sold

MLSListings #MR40604384

$1,600,000
03/05/2013

Pending

EBRD #40604384

03/05/2013

Pending

MLSListings #MR40604384

02/21/2013

Listed (Active)

EBRD #40604384

$1,750,000
02/21/2013

Listed (Active)

MLSListings #MR40604384

$1,750,000
02/01/2009

Expired

RESFAR #40360069

$2,199,888
08/01/2008

Listed (Active)

RESFAR #40360069

$2,199,888
07/05/2007

Sold (Public Record)

Public Record #224588646

$1,263,000

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$1,231,380Additions$739,197Total$1,970,577
Tax Record2025$46,527 ($3,877 / 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

Similar Sold Homes

1507 Prince Street is a multi-family home for sale in Berkeley, CA 94703. This property was listed for sale on February 3, 2026 by Compass, it's currently listed at $2,850,000. It has been on the market for a total of 3 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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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; Compass, Kevin Velotta, DRE #01945129

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.