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2832 Derby Street
- - Unit Mix: The property includes a studio unit and two spacious four-bedroom, one-bath units, each averaging nearly 1,400 sq. ft.
- - Vacant Units: All units will be delivered vacant, allowing new owners to select tenants and set market rents.
- Individual Metering: Each unit is individually metered for gas and electricity, providing efficient utility management.
- - High Demand: Ideal for CAL students, the property has a history of being rented to members of the women's crew team.
- - Income Estimate: Fully occupied, the building could generate over $14,000 per month and $175,000 annually (buyer to verify).
- - Backyard: Tenants can enjoy a beautifully landscaped backyard, ample storage, and a bike rack for 8 bikes.
- - Value-Add Opportunity: Potential to convert attic space in unit 2832 into additional bedrooms.
- - Amenities: Onsite parking and laundry facilities enhance tenant comfort.
- - Security: Each unit is equipped with its own ADT alarm system, and the entire exterior of the property is monitored with Ring Home Security motion lights and cameras and other exterior perimeter motion flood lights.
- Location & Lifestyle:
- - Convenient Access: Just a five-minute walk to College Ave and Telegraph Ave, offering numerous bars, cafes, and restaurants.
- - Recreational Options: Close proximity to Willard Park, Claremont Canyon Regional Preserve, and UC Berkeley Botanical Gardens, Clark Kerr sports facilities (across the street) perfect for leisure and outdoor activities.
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 or more 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 restaurants just a five-minute walk away. Recreational options abound with Willard Park, Claremont Canyon Regional Preserve, and the UC Berkeley Botanical Gardens nearby, perfect for leisure and outdoor activities. Don't miss this unique investment opportunity to own a high-demand property in a vibrant and sought-after neighborhood. Contact us today to schedule a viewing of the "Crew House."
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,798,000 |
| No. of Units: | 3 |
| Year Built: | 1905 |
| Lot Size: | 0.11 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $599,333 |
| Property Website | Click Here |
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