At 3,944 sq. ft. feet, Berkeleys 1436 Derby St is a 5-unit (4, 2BR/1BA + 1, 1BR/1BA) multifamily thats ready to print money. Listed at only $1.3MM but with an estimated annual income of $146K, this property offers an exceptional 6.9% CAPtheres minimal risk to recovering the investment. The building is earthquake-ready, having been removed from Berkeleys 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 Darbys 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.
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