1804 Derby St, Berkeley, California 94703, Berkeley, 94703 - 0 bed, 0 bath
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Berkeley, California 94703
This Residential Income Duplex is a Strong Value Opportunity, listed at $825,000—positioned well below the $871,731 Fair Market Value by 5%. This valuation gap offers $46,731 in Instant Equity. With a Condition Rating of 3, the property features a high 8/10 Home Energy Score and recent cosmetic upgrades. Its transit-oriented location near Ashby BART and proximity to Berkeley High School ensures consistent demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1804 Derby St Subject | $825,000* List Price | 0 | 0 | 1,680 | $519 | - |
A 1536 Carleton St Pending | $850,000 List Price | 0 | 0 | 1,456 | $584 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1906 build date, the property is well-maintained and move-in ready with recent cosmetic upgrades including new paint, carpet, and blinds. It features a fairly new central heating system and a high Home Energy Score of 8/10, indicating updated efficiency. While the kitchen and bathrooms are functional and clean, the cabinetry and tile work appear dated (approx. 15-25 years old) and may eventually require modernization.
This duplex offers an ideal 'live-in-one, rent-the-other' setup or a dual-income stream, featuring identical spacious floorplans and one unit delivered vacant for immediate occupancy or market-rate leasing.
Both units achieved an impressive Home Energy Score of 8 out of 10, which is exceptional for a 1906 structure and indicates significant modern system upgrades and lower utility overhead.
Located in a highly walkable Berkeley neighborhood just a 15-minute walk or 4-minute bike ride from Ashby BART, the property is perfectly positioned to attract high-quality commuters.
Unit 1804 is occupied by a long-term tenant, which may limit the immediate ability to achieve market-rate rents or full possession due to Berkeley's stringent rent control and tenant protection laws.
The property has been on the market for 48 days and required a significant $150,000 price reduction, suggesting that the initial valuation was misaligned with current buyer demand or interest rate sensitivities.
1804 - 1806 Derby St. is a prime 2 bedroom, 1-bath duplex that offers excellent investment potential or an ideal live-in-one, rent the other setup. Very spacious duplex with identical floorplans. Perfectly blending classic charm with versatile living, it is a rare opportunity to own a steady-income property in a highly desireable and walkable neighborhood. The Ashby BART station is about a 4 min. bike ride away & about a 15 min. walk. Unit 1804 has a long term tenant. It has a fairly new central heating system, new paint, carpets, blinds, ceiling fans, a new gas stove & range hood. Unit 1806 is vacant and recently upgraded with new carpet, paint, blinds, ceiling fans & rangehood. Both units have Jack & Jill bathrooms. Both front and back yard areas have recently been beautifully re-landscaped. Home Energy Score of 8 out of 10 for #1804. And a Home Energy Score of 8 out of 10 for #1806.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.5 mi
Grades K-5 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,680 | 2,392 |
| Lot Size | 3,375 | 5,520 |
| Price | $825.0K | $1.19M |
| Price per sq ft | $491 | $542 |
| Built year | 1906 | 1924 |
| HOA | $0 | $0 |
| Days on market | 52 | 48 |
Jul 3, 2026
$825,000
$975,000
-15% Price Drop
Initial Listing
May 31, 2026
$975,000
Initial Listing