Remodeled Two-Unit
1536 Carleton St Berkeley, CA 94703
1536 Carleton St, Berkeley, CA, 94703
$850,000
For Sale
$850,000
Turnkey duplex with two remodeled 2-bedroom, 1-bath units, featuring hard-surface flooring and private outdoor spaces.
Property Size1,456 SF
Price / SF$583.79
Days on Market19
Property Features for 1536 Carleton St
General Information
- Standard status
- Active
- Size
- 1,456 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1962
Listing agency
KW Advisors
(408) 472-4969
Listed by
Abhi Indap · License #02061001
(408) 472-4969
Source
Exitrealty
Added: Jul 3 Updated: Jul 20 at 10:51PM Checked: Jul 21 at 6:04AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Advisors
Investment Insights
Based on property information with market context.
This remodeled duplex offers a turnkey rental setup with two tastefully updated 2-bedroom, 1-bath units. Both units include hard flooring and energy-efficient windows, along with a galley-style kitchen featuring sleek cabinetry and a stainless-steel sink and a separate dining area. Unit A includes an extra-large private patio deck for indoor-outdoor living, while the back unit has its own private backyard space. The Home Energy (BESO) score is listed as 7/10 for both Unit A and Unit B.
Located in South Berkeley on a tree-lined street, the property is about a mile from UC Berkeley and near top-rated schools. It is described as minutes to Ashby BART, Whole Foods, local Farmer’s Market, University Avenue, and Downtown Berkeley’s shopping and dining, with easy access to AC Transit and major highways.
Each unit is configured as a 2-bedroom, 1-bath residence with its own private outdoor area, providing a straightforward two-tenant duplex layout.
Located in South Berkeley on a tree-lined street, the property is about a mile from UC Berkeley and near top-rated schools. It is described as minutes to Ashby BART, Whole Foods, local Farmer’s Market, University Avenue, and Downtown Berkeley’s shopping and dining, with easy access to AC Transit and major highways.
Each unit is configured as a 2-bedroom, 1-bath residence with its own private outdoor area, providing a straightforward two-tenant duplex layout.
Key Highlights
- Duplex built in 1962 with two 2‑bedroom, 1‑bath units.
- Both units are tastefully remodeled with hard‑surface flooring and energy‑efficient windows.
- Each unit includes a galley‑style kitchen with sleek cabinetry and a stainless‑steel sink plus a separate dining area.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.8k | $34.20 |
| − Vacancy | −$2.6k | −$1.78 |
| EGI | $47.2k | $32.42 |
| − OpEx | −$14.2k | −$9.73 |
| NOI | $33.0k | $22.70 |
1,456 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$472.1K
$413.1K – $550.7K
NOI $33,044 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$413.4K
$361.7K – $482.3K
NOI $28,939 @ 7.0% cap · market cap 3.40%
Theoretical Best
Specialty Retail
$563.1K
$492.7K – $657.0K
NOI $39,417 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Turnkey duplex with two remodeled 2-bedroom, 1-bath units, featuring hard-surface flooring and private outdoor spaces.
Where is this duplex located?
The property is located at 1536 Carleton St Berkeley, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Duplex built in 1962 with two 2‑bedroom, 1‑bath units.; Both units are tastefully remodeled with hard‑surface flooring and energy‑efficient windows.; Each unit includes a galley‑style kitchen with sleek cabinetry and a stainless‑steel sink plus a separate dining area.
