3028 Colby St

Beds
Baths
4,346 Sq. Ft.
$483 / Sq. Ft.
4,346
Sq. Ft.
$483
per Sq. Ft.

Description

5.5% cap turnkey 5 unit rental across from Alta Bates Medical Hospital and 1 mile from UC Berkeley. Enjoy this stabilized investment with 3 of 5 units fully remodeled and the remaining 2 in excellent condition. Recent exterior paint, updates, and maintenance means everything is ready to go. Located in a high demand area with Whole Foods and shopping just blocks away, this is an excellent addition to your investment portfolio.5.5% cap turnkey 5 unit rental across from Alta Bates Medical Hospital and 1 mile from UC Berkeley. Enjoy this stabilized investment with 3 of 5 units fully remodeled and the remaining 2 in excellent condition. Recent exterior paint, updates, and maintenance means everything is ready to go. Located in a high demand area with Whole Foods and shopping just blocks away, this is an excellent addition to your investment portfolio.
  1. Listed by Nikolas Thysell • DRE #01990475 • Foreverhome Properties • Off: 510-907-0335

Property Details for 3028 Colby Street

City
BERKELEY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Assigned Spaces, Parking Area
Total # Parking Spaces
5
LISTING UPDATED: 04/05/2025 03:00 AM

Property Details for 3028 Colby Street

StatusSold
MLS #41081092
Days on Compass34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1910
Lot Size0.13 AC / 5,700 SF
CountyAlameda County

Location

Listing Courtesy of Foreverhome Properties, Nikolas Thysell, DRE #01990475

Sold By Redfin, Sami Elabed, DRE #01521930

Add your commute

Building Information for 3028 Colby Street

Stories-Residences5Year Built1910Building Size-Lot Size0.13 AC / 5,700 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$13,678 per month

30 year fixed, 6.15% Interest

Principal and Interest

$10,235

Property Taxes

$3,443

HOA Dues

$0

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Property Information for 3028 Colby Street

Features
Feature Details
  • Flooring: Hardwood Floors, Laminate
  • Laundry: Coin Operated, Common Room, Dryer, Washer
Utility Details
  • Cooling: MultiUnits
  • Heating: Forced Air 1 Zone, MultiUnits
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Dryer, Washer, Water Heater Gas, Tankless Water Heater, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Composition Shingles, Dual Pane Windows, Stucco
  • Lot Description: 2 Houses / 1 Lot, Court
  • Lot Sq Ft Apx: 5700
  • Lot Size Square Feet: 5700.0
  • Roof: Composition Shingles, Tar and Gravel
  • Sq Ft Apx: 4346
  • Year Built: 1910
  • Zoning: R-3
Location Details
  • Directions to Property: Off Ashby Ave
  • FIPS Code: 06001
  • Census Tract: 4239.02
  • Parcel Number: 52-1574-21
  • Printed Neighborhood Rpt: No
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Dishwasher, Microwave, Refrigerator, Updated Baths, Updated Kitchen
  • Some Units Have: Dishwasher, Disposal, Microwave, Refrigerator, Updated Baths, Updated Kitchen
  • Units Total: 5
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Owner
Income / Expense Details
  • Operating Expenses: Accounting/Legal, Insurance, Janitorial, License/Ads, Maintenance/Repair, Management, Miscellaneous/Other, Property Tax/Assessments
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 4
  • Unit # 1 # of Bathrooms: 2
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 1242
  • Unit # 1 Rent: 4500
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 600
  • Unit # 2 Rent: 2400
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 1
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Approx SqFt: 600
  • Unit # 3 Rent: 2100
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 2
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Approx SqFt: 908
  • Unit # 4 Rent: 2802
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Approx SqFt: 908
  • Unit # 5 Rent: 2900
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • Inspection Reports Available: Sewer Lateral Test, TDS Available
  • On Site Parking Description: Parking Area, Spaces - Assigned, Private, Uncovered Park Spaces 2+
Income / Expense Details
  • Gross Income: $177,799
  • Net Operating Income: $120,291
Other Financial Information
  • Cap Rate: 5.52%
  • Existing Loan: Private
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 3028 Colby Street

DateEvent & SourcePriceAppreciation
Apr 4, 2025

Sold

CRMLS #41081092

$2,100,000
Apr 4, 2025

Sold

EBRD #41081092

$2,100,000
Apr 4, 2025

Sold

MLSListings #BE41081092

$2,100,000
Mar 21, 2025

Sold (Public Record)

Public Record #1556511183

$2,100,000

-5.7% / yr

Jan 29, 2025

Pending

MLSListings #BE41081092

Jan 29, 2025

Pending

EBRD #41081092

Jan 28, 2025

Pending

CRMLS #41081092

Dec 26, 2024

Listed (Active)

CRMLS #41081092

$2,175,000
Dec 26, 2024

Listed (Active)

MLSListings #BE41081092

$2,175,000
Dec 26, 2024

Listed (Active)

EBRD #41081092

$2,175,000
Jul 2, 2024

Expired

EBRD #ML81951494

Jul 1, 2024

Expired

MLSListings #ML81951494

$2,399,888
Apr 1, 2024

Listed (Active)

MLSListings #ML81951494

$2,499,888
Mar 31, 2024

Expired

MLSListings #ML81951494

$2,499,888
Mar 27, 2024

Price Change

EBRD #ML81951494

$2,499,888
Feb 26, 2024

Price Change

EBRD #ML81951494

$2,799,888
Feb 26, 2024

Price Change

MLSListings #ML81951494

$2,799,888
Jan 16, 2024

Listed (Active)

EBRD #ML81951494

$2,849,888
Jan 16, 2024

Listed (Active)

MLSListings #ML81951494

$2,849,888
Sep 1, 2023

Expired

MLSListings #EB41018775

Sep 1, 2023

Expired

EBRD #41018775

Sep 1, 2023

Expired

MLSListings #EB41018884

$2,495,000
Sep 1, 2023

Expired

EBRD #41018884

May 23, 2023

Price Change

MLSListings #EB41018884

$2,495,000
May 23, 2023

Price Change

EBRD #41018884

$2,495,000
May 10, 2023

Price Change

MLSListings #EB41018775

$2,495,000
May 10, 2023

Price Change

EBRD #41018775

$2,495,000
Feb 9, 2023

Temporarily Off Market

RESFAR #41018884

Feb 9, 2023

Listed (Active)

MLSListings #EB41018884

$2,649,000
Feb 9, 2023

Listed (Active)

RESFAR #41018884

$2,649,000
Feb 9, 2023

Listed (Active)

EBRD #41018884

$2,649,000
Feb 8, 2023

Temporarily Off Market

RESFAR #41018775

Feb 8, 2023

Listed (Active)

RESFAR #41018775

$2,649,000
Feb 8, 2023

Listed (Active)

MLSListings #EB41018775

$2,649,000
Feb 8, 2023

Listed (Active)

EBRD #41018775

$2,649,000
Aug 16, 2022

Sold

RESFAR #422669920

$2,450,000
Aug 5, 2022

Sold (Public Record)

Public Record #1496506344

$2,450,000
Jun 29, 2022

Pending

RESFAR #422669920

Jun 15, 2022

Listed (Active)

RESFAR #422669920

$2,600,000
DateEvent & SourcePrice
04/04/2025

Sold

CRMLS #41081092

$2,100,000
04/04/2025

Sold

EBRD #41081092

$2,100,000
04/04/2025

Sold

MLSListings #BE41081092

$2,100,000
03/21/2025

Sold (Public Record)

Public Record #1556511183

$2,100,000

-5.7% / yr

01/29/2025

Pending

MLSListings #BE41081092

01/29/2025

Pending

EBRD #41081092

01/28/2025

Pending

CRMLS #41081092

12/26/2024

Listed (Active)

CRMLS #41081092

$2,175,000
12/26/2024

Listed (Active)

MLSListings #BE41081092

$2,175,000
12/26/2024

Listed (Active)

EBRD #41081092

$2,175,000
07/02/2024

Expired

EBRD #ML81951494

07/01/2024

Expired

MLSListings #ML81951494

$2,399,888
04/01/2024

Listed (Active)

MLSListings #ML81951494

$2,499,888
03/31/2024

Expired

MLSListings #ML81951494

$2,499,888
03/27/2024

Price Change

EBRD #ML81951494

$2,499,888
02/26/2024

Price Change

EBRD #ML81951494

$2,799,888
02/26/2024

Price Change

MLSListings #ML81951494

$2,799,888
01/16/2024

Listed (Active)

EBRD #ML81951494

$2,849,888
01/16/2024

Listed (Active)

MLSListings #ML81951494

$2,849,888
09/01/2023

Expired

MLSListings #EB41018775

09/01/2023

Expired

EBRD #41018775

09/01/2023

Expired

MLSListings #EB41018884

$2,495,000
09/01/2023

Expired

EBRD #41018884

05/23/2023

Price Change

MLSListings #EB41018884

$2,495,000
05/23/2023

Price Change

EBRD #41018884

$2,495,000
05/10/2023

Price Change

MLSListings #EB41018775

$2,495,000
05/10/2023

Price Change

EBRD #41018775

$2,495,000
02/09/2023

Temporarily Off Market

RESFAR #41018884

02/09/2023

Listed (Active)

MLSListings #EB41018884

$2,649,000
02/09/2023

Listed (Active)

RESFAR #41018884

$2,649,000
02/09/2023

Listed (Active)

EBRD #41018884

$2,649,000
02/08/2023

Temporarily Off Market

RESFAR #41018775

02/08/2023

Listed (Active)

RESFAR #41018775

$2,649,000
02/08/2023

Listed (Active)

MLSListings #EB41018775

$2,649,000
02/08/2023

Listed (Active)

EBRD #41018775

$2,649,000
08/16/2022

Sold

RESFAR #422669920

$2,450,000
08/05/2022

Sold (Public Record)

Public Record #1496506344

$2,450,000
06/29/2022

Pending

RESFAR #422669920

06/15/2022

Listed (Active)

RESFAR #422669920

$2,600,000

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

Public Records for 3028 Colby Street

Taxable ValueLand$650,250Additions$1,898,730Total$2,548,980
Tax Record2025$41,311 ($3,443 / month)
Home Facts
Total Finished SqFt4,346 SqFtAbove Grade Finished SqFt4,346 SqFtStories2Lot Size5,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyALAMEDAAPN52-1574-21

Schools near 3028 Colby Street

This home is within Berkeley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
John Muir Elementary School
PublicK to 5

Malcolm X Elementary School
PublicK to 5

Emerson Elementary School
PublicK to 5

Willard Middle School
Public6 to 8

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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Listing Courtesy of Foreverhome Properties, Nikolas Thysell, DRE #01990475

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.