Property Overview:
1628-1630 Tyler St is a multi-family investment property in the Ashby neighborhood of Berkeley, CA. The property consists of two well-maintained buildings on a single lot: a front-facing triplex (1628) and a rear 4-plex (1630), totaling seven units. The unit mix includes one 4-bedroom/2-bath, one 3-bedroom/2-bath, one 3-bedroom/1-bath, and four 1-bedroom/1-bath units. The property offers 5,200 sq. ft. of rentable living space on a 6,750 sq. ft. lot and features a parking garage. Built in 1910, the property has undergone over $800,000 in capital improvements since 2019, with 5 of 7 units fully renovated to high-end, contemporary standards.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 15.3% (higher than state average of 11.8%).
- Property crime risk: 19.5% (higher than state average of 10.8%).
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Schools:
Nearby schools include Malcolm X Elementary, Longfellow Arts and Technology Middle, and Berkeley Technology Academy.- Average SAT score: 1112 (566 Math, 546 English)—above state average of 975.
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Job Market:
- 67% white-collar jobs, 33% blue-collar jobs.
- Unemployment rate: 4.9% (slightly above state average of 4.7%).
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Demographics:
- Community population: 17,997 (13.4% growth since 2000).
- 48.2% families with children.
- Largest age group: 25-34 years (20.61%); second largest: 35-44 years (14.58%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 44.7°F (January), 74.8°F (July).
- Average rainfall: 28.8 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $49,050.
- Average annual spending: $42,374.
Property Features:
- Seven units:
- 1 x 4-bed/2-bath
- 1 x 3-bed/2-bath
- 1 x 3-bed/1-bath
- 4 x 1-bed/1-bath
- Fully renovated units with modern, high-end finishes (over $800,000 invested since 2019).
- Current gross rent: $70,276.80; potential gross rent: $129,676.80 (when fully rented).
- Potential Net Operating Income (NOI): $107,198.04+ (with upside potential of 15%).
- Flexible unit configurations: Some units have separate entries for possible mini-rentals.
- Contemporary kitchens with granite or stone counters, new cabinets, and stainless steel appliances.
- On-site laundry, parking, and storage available.
- Professionally managed; leasing by the room available in select units.
- Walk Score: 88, Bike Score: 98—exceptional walkability and bikeability.
- 10-minute walk to Ashby BART, 10-minute bike ride to UC Berkeley.
Location Benefits:
- Prime Ashby neighborhood: High demand for rentals, strong tenant retention, and long-term stability.
- Close to amenities: Shops, dining, entertainment, and public transit.
- Consistent cash flow: Strong in-place rental income with room for growth.
- Turnkey investment: Ideal for investors seeking immediate returns and long-term value appreciation.
- Open house opportunities: Multiple dates available for viewing.