1515 Derby St, Berkeley, California 94703, Berkeley, 94703 - 4 bed, 2 bath
1515 Derby St
Berkeley, California 94703
Property Price
SUMMARY
Analysis of 1515 Derby St, Berkeley, California 94703 reveals a Fairly Priced Property with a current list price of $949,000 aligned with the estimated $928,897 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Berkeley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1515 Derby St Subject | $949,000* List Price | 4 | 2 | 1,355 | $686 | - |
A 1512 Hearst Ave Active | $799,000 List Price | 2 | 1 | 1,214 | $658 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1925, this property has undergone extensive and recent renovations, bringing both the main unit and the attached ADU to a virtually new condition. The kitchens feature sleek quartz counters, new shaker cabinetry, modern tile backsplashes, and new stainless steel appliances. Bathrooms are stylishly updated with contemporary tilework, fixtures, and modern vanities. Hardwood flooring is present throughout, and lighting is modern. The ADU benefits from new mini-split heating and cooling. All visible components and systems appear new or recently replaced, meeting current quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Attached ADU with Income Potential
The property includes an attached Accessory Dwelling Unit (ADU), offering significant flexibility for rental income, multi-generational living, or a dedicated home office space, enhancing its overall value and appeal.
- Extensive Modern Updates Throughout
Both the main home and the ADU have been newly updated with modern finishes, including sleek quartz counters, stainless steel appliances, new shaker cabinetry, and contemporary bathroom fixtures, providing a move-in ready experience.
- Modern HVAC in ADU
The rear unit (ADU) benefits from mini-split heating and cooling, offering efficient and comfortable climate control, a desirable feature for tenants or occupants.
CONSRISKS & DEFICIENCIES
- Age of Core Structure
Built in 1925, while cosmetically updated, the underlying infrastructure of the property (e.g., plumbing, electrical, foundation) may still be original or older, potentially requiring future maintenance or upgrades not covered by recent renovations.
- Unspecified HVAC for Main Unit
The description highlights mini-split heating and cooling for the ADU but does not specify the HVAC system for the front (main) unit, suggesting it might lack modern cooling or have an older heating system, which could be a drawback for some buyers.
- Relatively Compact Interior Space
With 1355 sqft for 4 bedrooms and 2 bathrooms across two units, the individual living areas and bedrooms may be considered compact by some buyers, potentially limiting appeal for those seeking more expansive layouts.
About 1515 Derby St
Welcome to this beautiful single family home with attached ADU that blends timeless Berkeley architecture with clean, modern design. Step inside to the front unit a bright open-concept living and dining area framed by oversized windows. The newly updated kitchen features sleek quartz counters, stainless steel appliances, new shaker cabinetry & a modern tile backsplash. Both bedrooms offer generous natural light & the stylishly updated bathroom includes contemporary tilework & fixtures. Also includes in-home laundry closet & plenty of storage. The private front terrace surrounded by lush, low-maintenance landscaping makes for the perfect spot to relax. Tucked quietly behind it, the rear unit offers the same thoughtful upgrades in a more private setting. This newly updated 2 bedroom, 1 bath home feels like your own hidden retreat. The kitchen features shaker cabinets, stainless appliances & plenty of counter space for cooking. The open layout flows naturally from the kitchen to dining & living spaces, all bathed in great light throughout the day. Both bedrooms are cozy & comfortable & the updated bathroom features a curved glass shower with clean, modern finishes. You’ll love the convenience of the in-unit laundry, mini-split heating and cooling & a fully fenced private yard.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 6,650 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Berkeley Unified Schools
Malcolm X Elementary School
Grades K-5 • 0.6 mi
Washington Elementary School
Grades K-5 • 0.7 mi
Leconte Elementary School
Grades K-5 • 0.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 57% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,355 | 1,385 | 49% |
| Lot Size | 6,650 | 4,880 | 95% |
| Price | $949.0K | $1.33M | 24% |
| Price per sq ft | $700 | $822 | 30% |
| Built year | 1925 | 1915 | 68% |
| HOA | $0 | $0 | 50% |
| Days on market | 129 | 162 | 38% |
Pricing History
Listed for Sale
Oct 29, 2025
$949,000
Initial Listing