Berkeley, CA 94702,1436 Derby St
Berkeley, CA 94702,1436 Derby St
Berkeley, CA 94702,1436 Derby St
Berkeley, CA 94702,1436 Derby St
Berkeley, CA 94702,1436 Derby St
Berkeley, CA 94702,1436 Derby St
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$1,400,000

$1,300,000

7.7%
Est.Price: ?

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Est. payment /mo

3,920 Sqft Lot


SOLD DATE : 10/16/2023

Key Details

Sold Price $1,400,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision South Berkeley

MLS Listing ID 41035642

Sold Date 10/16/23

HOA Y/N No

Year Built 1962

Lot Size 3,920 Sqft

Property Description

At 3,944 sq. ft. feet, Berkeley’s 1436 Derby St is a 5-unit (4, 2BR/1BA + 1, 1BR/1BA) multifamily that’s ready to print money. Listed at only $1.3MM but with an estimated annual income of $146K, this property offers an exceptional 6.9% CAP—there’s minimal risk to recovering the investment. The building is earthquake-ready, having been removed from Berkeley’s soft-story list, and includes parking and laundry on-site. Each unit comes with its own water heater, as well as its own meter for all utilities, simplifying property management. 3 units are occupied with strong tenants paying near-market rents, while the other 2 will be delivered vacant allowing the new owner to pick their own occupants and set their own rents. Designated as an R1 zone, this part of Southwest Berkeley is primarily residential, improving 1426 Darby’s long-term capital gains prospects. The property comes with solid Bike and Walk Scores (91 and 83 respectively), and is only a 10-minute ride from UC Berkeley.

Location

State CA

County Alameda

Interior

Heating Natural Gas, Wall Furnace

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Tar/Gravel

Total Parking Spaces 5

Building

Lot Description Street Level

Others

Tax ID 5417358

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California Regional MLS (CRMLS)
Listed by Joey Wang • Keller Williams Realty
Bought with Vincent Heung • Compass
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