1436 Derby St

Berkeley, CA 94702

$1,400,000
Last Sold Price
—
Beds
—
Baths
3,944 Sq. Ft.
$355 / Sq. Ft.
3,944
Sq. Ft.
$355
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 10/16/23
Sold 10/16/23
a view of a house with backyard and tree

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,...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.
  1. Listed by Joey Wang • DRE #01890931 • Keller Williams Realty

Property Details for 1436 Derby Street

City
BERKELEY
Dist Neighborhood Subdiv
SOUTH BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Parking Area
Total # Parking Spaces
5
LISTING UPDATED: 10/16/2023 06:53 PM

Property Details for 1436 Derby Street

StatusSold
MLS #41035642
Days on Compass22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1962
Lot Size0.09 AC / 3,713 SF
CountyAlameda County
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Location

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Sold By Compass, Vincent Heung, DRE #01866837

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Building Information for 1436 Derby Street

Stories-Residences5Year Built1962Building Size-Lot Size0.09 AC / 3,713 SF

Payment Calculator

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$8,998 per month

30 year fixed, 6.15% Interest

Principal and Interest

$6,823

Property Taxes

$2,175

HOA Dues

$0

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Property Information for 1436 Derby Street

Features
Feature Details
  • Flooring: Laminate, Tile, Vinyl, Carpet
  • Laundry: 220 Volt Outlet, Inside Unit
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: Gas, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Level, Front Yard, Paved
  • Lot Sq Ft Apx: 3713
  • Lot Size Square Feet: 3713.0
  • Roof: Tar and Gravel, Flat
  • Sq Ft Apx: 3944
  • Year Built: 1962
Location Details
  • Directions to Property: Sacrament St to Derby St
  • FIPS Code: 06001
  • Census Tract: 4233
  • Parcel Number: 54-1735-8
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 5
  • Basement: None
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Gas, Water
  • Total Deposits: $0
  • Financial Data Source: Estimated, Owner, Projected
Income / Expense Details
  • Operating Expenses: Insurance, Property Tax/Assessments, Trash Removal
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Vacant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Approx SqFt: 787
  • Unit # 1 Rent: 2800est
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Approx SqFt: 800
  • Unit # 2 Rent: 2800est
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Approx SqFt: 584
  • Unit # 3 Rent: 2000
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Approx SqFt: 839
  • Unit # 4 Rent: 2000
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Approx SqFt: 758
  • Unit # 5 Rent: 2580
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • Inspection Reports Available: Home, Roof, Structural Pest Control
  • On Site Parking Description: Carports - 2 Or More, Parking Area, On Street, Uncovered Parking Space, Uncovered Park Spaces 2+
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $146,160
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $0
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $0
  • Annual Rent Income: $0
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $0
  • Gross Operating Actual Income: $0
  • Gross Rent Multiplier: 0
  • Net Operating Income: $0
  • Other Annual Expense: $0
Other Financial Information
  • 1st - Yrs Remaining: 0
  • 1st Lender: 0
  • 1st Loan Number: 0
  • Apprx Equity: 0.0
  • Cap Rate: 0
  • Existing Loan: None
  • First Balance: $0
  • First Loan Payment: $0
  • Interest Rate: 0.0
  • Ocpnt Req 24 Hr: Yes
  • Variable or Fixed Rate: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for 1436 Derby Street

DateEvent & SourcePriceAppreciation
Oct 16, 2023

Sold

EBRD #41035642

$1,400,000—
Oct 16, 2023

Sold

MLSListings #EB41035642

$1,400,000—
Oct 10, 2023

Sold (Public Record)

Public Record #1522191860

$1,400,000—
Sep 1, 2023

Pending

MLSListings #EB41035642

—
Sep 1, 2023

Pending

EBRD #41035642

—
Aug 10, 2023

Listed (Active)

MLSListings #EB41035642

$1,300,000—
Aug 10, 2023

Listed (Active)

EBRD #41035642

$1,300,000—
DateEvent & SourcePrice
10/16/2023

Sold

EBRD #41035642

$1,400,000
10/16/2023

Sold

MLSListings #EB41035642

$1,400,000
10/10/2023

Sold (Public Record)

Public Record #1522191860

$1,400,000
09/01/2023

Pending

MLSListings #EB41035642

—
09/01/2023

Pending

EBRD #41035642

—
08/10/2023

Listed (Active)

MLSListings #EB41035642

$1,300,000
08/10/2023

Listed (Active)

EBRD #41035642

$1,300,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1436 Derby Street

Taxable ValueLand$510,000Additions$918,000Total$1,428,000
Tax Record2025$26,098 ($2,175 / month)
Home Facts
Total Finished SqFt3,944 SqFtAbove Grade Finished SqFt3,944 SqFtStories2Lot Size3,713 SqFtStyleMulti-Family Res (5+ Units)Year Built1962CountyALAMEDAAPN54-1735-8

Schools near 1436 Derby Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Washington Elementary School
Public - K to 5
Berkeley Arts Magnet at Whittier School
Public - K to 5
Oxford Elementary School
Public - K to 5
Malcolm X Elementary School
Public - K to 5
Rating
School
Distance
Washington Elementary School
PublicK to 5

Berkeley Arts Magnet at Whittier School
PublicK to 5

Oxford Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty, Joey Wang, DRE #01890931

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.