1525 Derby Street

Berkeley, CA 94703

$1,450,000
Last Sold Price
Beds
3,515 Sq. Ft.
$413 / Sq. Ft.
3,515
Sq. Ft.
$413
per Sq. Ft.

Description

REDUCED PRICE 9/20 to $1,479,000! $147,024 Annual Income with stable tenants at or close to market rent. Building consists of (6) 1bedroom1/bathroom units. GREAT South/Central Berkeley Location. Very Easy to Manage, Alarm & Fire System, Individual Parking Spaces. One Unit VACANT, all other Tenants are Section 8. 2023 Rent Increases can be Issued to Most Tenants - Market 7.7% CAP! Motivated Seller!REDUCED PRICE 9/20 to $1,479,000! $147,024 Annual Income with stable tenants at or close to market rent. Building consists of (6) 1bedroom1/bathroom units. GREAT South/Central Berkeley Location. Very Easy to Manage, Alarm & Fire System, Individual Parking Spaces. One Unit VACANT, all other Tenants are Section 8. 2023 Rent Increases can be Issued to Most Tenants - Market 7.7% CAP! Motivated Seller!
  1. Listed by Neel Bhatia • DRE #01464424 • Brokerage DRE #01908304 • Coldwell Banker Realty • 408-828-4024

Property Details for 1525 Derby Street

MLS City Name
BERKELEY
Building Type
Other
Garage Spaces
0
Parking Spaces
6

Location

Listing Courtesy of Coldwell Banker Realty, Neel Bhatia, DRE #01464424

Sold By COMPASS, Willem Bos, DRE #02013980

Add your commute
LISTING UPDATED: 12/11/2023 03:03 PM

Property Details for 1525 Derby Street

StatusSold
MLS #ML81928592
Days on Compass110
Taxes$18,023 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1910
Lot Size0.15 AC / 6,630 SF
CountyAlameda County

Location

Listing Courtesy of Coldwell Banker Realty, Neel Bhatia, DRE #01464424

Sold By COMPASS, Willem Bos, DRE #02013980

Add your commute

Building Information for 1525 Derby Street

Stories-Residences-Year Built1910Building Size-Lot Size0.15 AC / 6,630 SF

Payment Calculator

$9,415 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,913

Property Taxes

$1,502

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1525 Derby Street

Features
Features
  • Fireplace: No
  • Living SqFt: 3515
  • Pool: No
  • Security Features: Security Alarm
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Berkeley Map Area 8
  • Restrictions: Other
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1525
  • Street Name: Derby
  • Street Suffix: Street
  • Area ID: 2308
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3515
  • Structure SqFt Source: Assessor
  • Age: 113
Development Information
  • Ownership Type: Individual
  • Zoning Detail: R2
Location Information
  • Parcel Number: 054-1802-011
  • County Name: Alameda
  • City Name: BERKELEY
  • City Postal ID: 123
  • Postal Code: 94703
  • Elementary School District: 1034
  • High School District Text: Berkeley Unified
Lot Information
  • Foundation: Wood Frame
  • Lot Acres: .15
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $18,023
  • Capitalization Rate: 6.30
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Lease
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $2,007
  • Expense Landscape: $0
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,677
  • Expenses Other: $17,894
  • Expenses Utility: $7,300
  • Expenses Total: $50,901
  • Operating Expenses Include: Utilities
  • Gross Rent Multiplier: 10.06
  • Income Annual Gross: $144,084
  • Income Annual Rental: $147,024
  • Income Gross Scheduled: $147,024
  • Income Other: $0

Property History for 1525 Derby Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1525 Derby Street

Taxable ValueLand$725,307Additions$970,440Total$1,695,747
Tax Record2023$26,555 ($2,213 / month)
Home Facts
Total Finished SqFt3,515 SqFtAbove Grade Finished SqFt3,515 SqFtStories2Lot Size6,630 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyALAMEDAAPN54-1802-11

Schools near 1525 Derby 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 - 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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Neel Bhatia, DRE #01464424

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.