Berkeley, CA 94705,2832 Derby St

$2,025,000

Est. payment /mo

$1,798,000

12.6%
Est.Price: ?

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2832 Derby St Berkeley, CA 94705

8 Beds

3,292 SqFt

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

Square Footage 3,292 sqft

Price per Sqft $615

Subdivision Elmwood

MLS Listing ID 41063210

Sold Date 07/19/24

Bedrooms 8

HOA Y/N No

Year Built 1905

Lot Size 4,794 Sqft

Acres 0.11

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

Area Listing

Rooms

Basement None

Interior

Interior Features Storage

Heating Natural Gas

Cooling Ceiling Fan(s)

Flooring Carpet, Wood

Fireplace Yes

Laundry Common Area, In Unit

Exterior

Exterior Feature Back Yard, Garden/Play, Sprinklers Automatic, Sprinklers Back, Storage, Garden, Landscape Back, Landscape Front, Low Maintenance

Utilities Available Individual Electric Meter, Individual Gas Meter

Total Parking Spaces 2

Building

Lot Description Regular, Paved

New Construction No

Others

Tax ID 54170424

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Bridge MLS
Listed by Jatin Mehta • Pellego
Bought with JatinMehta

Jodi Nishimura

Founder & Realtor® | License ID: 01762935

+1(510) 459-0471

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