1507 Prince St

The property is located on the corner of Sacramento and Prince Street in the trendy NOBE (North Oakland, Berkeley, Emeryville) district of South Berkeley, just a few blocks away from the Ashby Bart Station. Tenants have access to AC Transit with a bus stop at Sacramento & Prince Street. Numerous shops and restaurants can be found within walking distance to the property, including contemporary Italian Creekwood restaurant and both Berkeley Bowl grocery stores less than one mile away. UC Berkeley is approximately 2.5 miles away. Highway 580 can be accessed via Ashby Avenue two blocks away, and the location receives a Walkers & Bikers Paradise score of 90. Traffic counts exceed 20,500 VPD along Sacramento and Tyler Street. The property is also located within an Opportunity Zone.1507 Prince Street is a 13 unit mixed use property located in South Berkeley. The property consists of four retail units that front along busy Sacramento St, and nine apartments within 2 buildings totaling 9,600 square feet (buyer to verify) on a 8,317 square foot parcel. Built in 1951, the building along Sacramento Street consists of 4 retail units that are approximately 2,600 square feet. The retail tenants are a supermarket, two barber shops, and one hair salon. All of the retail tenants are on month-to-month leases. There are two - one bedroom/one bathroom units and two - two bedroom/one bathroom units on the 2nd floor on the Sacramento Street building. Built in 1930, the Victorian building on Prince Street features a four bedroom/ 2 bathroom home upstairs and four - 1 bedroom/1 bathroom units on the ground floor. The Victorian building has received a roof replacement during current ownership. Apartment units have been upgraded with new flooring, granite kitchen countertops, stainless steel appliances, updated bathrooms, and interior/exterior painting upon tenant turnover. All windows throughout the property have been upgraded to dual pane windows. Additional features of the property include 5 off-street parking spaces in the back with automatic security gate, CCTV security cameras, and on-site laundry facilities. With its prime location and versatile unit configuration, this property offers immediate stable returns but also potential for future revenue growth upon tenant turnover and lease renewal in the thriving Berkeley area.