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Key Details
Sold Price $2,025,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision Elmwood
MLS Listing ID 41063210
Sold Date 07/19/24
HOA Y/N No
Year Built 1905
Lot Size 4,795 Sqft
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
Interior
Heating Natural Gas
Flooring Carpet, Wood
Fireplace No
Exterior
Parking Features On Street
Roof Type Shingle
Total Parking Spaces 2
Building
Lot Description Back Yard, Garden, Sprinklers In Rear, Sprinklers Timer
Sewer Public Sewer
Others
Tax ID 54170424
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
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Bought with Jatin Mehta • Kite Hill Real Estate
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692