Berkeley, CA 94705,2832 Derby St
Berkeley, CA 94705,2832 Derby St
Berkeley, CA 94705,2832 Derby St
Berkeley, CA 94705,2832 Derby St
Berkeley, CA 94705,2832 Derby St
Berkeley, CA 94705,2832 Derby St
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$2,025,000

$1,798,000

12.6%
Est.Price: ?

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Est. payment /mo

4,795 Sqft Lot


SOLD DATE : 07/19/2024

Key Details

Sold Price $2,025,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Subdivision Elmwood

MLS Listing ID 41063210

Sold Date 07/19/24

HOA Y/N No

Year Built 1905

Lot Size 4,795 Sqft

Property Description

Introducing the "Crew House," a stunning 3-unit property built in 1920, located on Derby St near Piedmont Ave. This pride-of-ownership triplex spans 3,292 sq. ft. on a 4,794 sq. ft. lot, combining historic charm with modern convenience. The property features a studio unit and two spacious four-bedroom, one-bath units, each averaging nearly 1,400 sq. ft. All units will be delivered vacant, allowing new owners to select tenants and set market rents. Each unit is individually metered for gas and electricity, ensuring efficient utility management. Ideal for CAL students, the "Crew House" has a history of being rented to members of the women's crew team, making it a high-demand property. Fully occupied, the building has the potential to generate over $14,000 per month and $175,000 annually (buyer to verify). Tenants will appreciate the beautifully landscaped backyard, ample storage, and a bike rack for 8 bikes. Additionally, there is a value-add opportunity to convert the attic space in unit 2832 into additional bedrooms. The property offers onsite parking and laundry facilities, enhancing tenant comfort. Its prime location provides easy access to College Ave and Telegraph Ave, with numerous bars, cafes, and

Location

State CA

County Alameda

Interior

Heating Natural Gas

Flooring Carpet, Wood

Fireplace No

Exterior

Parking Features On Street

Roof Type Shingle

Total Parking Spaces 2

Building

Lot Description Back Yard, Garden, Sprinklers In Rear, Sprinklers Timer

Sewer Public Sewer

Others

Tax ID 54170424

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Other

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California Regional MLS (CRMLS)
Listed by Jatin Mehta • Pellego
Bought with Jatin Mehta • Kite Hill Real Estate
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