Property Overview:
1431 Derby St is a duplex in Berkeley, CA, built in 1930/1931. The main house features 3 bedrooms, 2 bathrooms, and a spacious living area (approx. 2,400 sq. ft. total for the property). The property includes a garage and two additional on-site apartments that generate $40,000 annual income. Estimated home value: $1,350,000.
Neighborhood Highlights:
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Population & Demographics:
- Community population: 14,250 (15% growth since 2000).
- 51.2% families with children.
- Largest age group: 25-34 years (16.83%), followed by 35-44 years (15.89%).
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Crime Rate:
- Personal crime risk: 15.5% (higher than state average of 11.8%).
- Property crime risk: 23% (higher than state average of 10.8%).
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Schools:
- Nearby schools: Longfellow Arts and Technology Middle, Berkeley Technology Academy, Malcolm X Elementary.
- Average SAT score: 1112 (above state average of 975).
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Job Market:
- 63.5% white-collar jobs, 36.6% blue-collar jobs.
- Unemployment rate: 5.8% (higher than state average of 4.7%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 45.1°F (January), 74.9°F (July).
- Average rainfall: 28.0 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $48,557.
- Average annual spending: $42,137.
Property Features:
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Main House:
- 3 bedrooms, 2 bathrooms (including a large en-suite primary).
- Fabulous, updated kitchen with granite/solid surface countertops and modern appliances.
- Large, sunny south-facing living room and formal dining room—ideal for entertaining.
- Hardwood, tile, and vinyl flooring throughout.
- Deck and cozy patio for outdoor relaxation.
- Newer windows, efficient wall furnace units, tankless hot water.
- Sewer lateral compliant; many upgrades to plumbing, electrical, and drainage.
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Income Units:
- Two separate apartments in a detached building (with shared garage and laundry).
- Annual rental income: $40,000.
- Separate PG&E meters; owner pays water/garbage.
- Washer/dryer in garage for tenant use.
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Parking:
- Garage (1 car) and driveway/off-street parking.
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Turn-key property: All major updates completed; move-in ready.
Location Benefits:
- Prime, quiet, tree-lined neighborhood in SW Berkeley.
- Blocks from San Pablo Park (tennis, basketball, baseball, meeting hall).
- Easy access to three BART stations and both Berkeley Bowl markets.
- Close to Downtown Berkeley Art District and UC Berkeley.
- Walkable to shops, restaurants, and farmer’s market.
- Family-friendly and well-established community.
Investment Potential:
- Live in the main house and offset mortgage/RE taxes with rental income from the two apartments.
- High cash flow opportunity; turn-key for investors or owner-occupants.
- Substantial tax benefits from income property.