1436 Derby St, Berkeley, CA 94702

About this property

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.

Listing description from the October 2023 sale, as reported to CRMLS.

Sale history

$1,400,000

Sold October 2023 · listed $1,300,000, on market August 2023 · MLS #41035642 · Source: CRMLS

Listing Agent: Joey Wang · Listing Office: Keller Williams Realty · Contact: 925-934-2900 · Bought with: Vincent Heung · Compass

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