Joey Wang
This listing was posted on Joey Wang (via ListedBuy).
$1,300,000
1436 Derby Street, Berkeley, CA 94702
Price:
$1,300,000
BR/BA:
2 BR, 1 BA
Location:
1436 Derby Street, Berkeley, CA
Description:
At 3,944 sq. ft. feet, Berkeley’s 1426 Darby 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 sales, while the other 2 will be delivered vacant allowing the new owner to pick their own occupants and set their own sales. 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. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
For sale by:
Agent/Broker
Agent Name:
Joey Wang
Posted:
August 31 2023 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Joey Wang (via ListedBuy)
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: 1436 Derby Street, Berkeley, CA 94702
1436 Derby Street, Berkeley, CA 94702 is a Two Bedroom One Bath Multi-Family Real Estate for Sale at 1436 Derby Street in Berkeley CA. Find other listings like 1436 Derby Street, Berkeley, CA 94702 and listings near 1436 Derby Street by searching Oodle Classifieds for Two Bedroom One Bath Multi-Family Real Estate for Sale in Berkeley CA.
1436 Derby Street, Berkeley, CA 94702 is a Two Bedroom One Bath Multi-Family Real Estate for Sale at 1436 Derby Street in Berkeley CA. Find other listings like 1436 Derby Street, Berkeley, CA 94702 and listings near 1436 Derby Street by searching Oodle Classifieds for Two Bedroom One Bath Multi-Family Real Estate for Sale in Berkeley CA.