Thank you
Grant Chappell
NAI Northern California
510-336-4712
The subject property consists of three multifamily buildings totaling 7,218 square feet, situated on a 13,342 square foot parcel, with a total of 12 1-bedroom, 1-bathroom units. With 8 of 12 units already renovated, these spacious and sophisticated unit renovations showcase modern design and aesthetic elements, including efficient layouts, stainless steel appliance packages, and upgraded finishes throughout. Due to its desirable location, the property benefits significantly from very low vacancy, tremendous tenant demand, and premium rental rates. With strong in-place cashflow, the property can achieve both attractive financing and significant cash flow upside with additional unit turnover.
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Total Baths: 0
None
Air Conditioning
Natural Gas
Has Heating
Year Built: 1943
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3063
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 13342
Original List Price: 3,445,000
Listing Contract Date: 2024-02-12
Parcel Number: 49102635
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood:
Directions: 3 buildings end of driveway Cross Street: San Pablo Ave.
Source Property Type: Residential Income
Property Age: 81
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
5 Admiral Dr #F305, Emeryville, CA,94608 | $338,000 | -- | 1 | 432 | 105131 Sqft |
1121 40th St #3402, Emeryville, CA,94608 | $355,000 | 1 | 1 | 622 | 6133 Sqft |
1036 47th Street, Emeryville, CA,94608 | $799,999 | 3 | 2 | 1,126 | 2892 Sqft |
5872 Beaudry Street, Emeryville, CA,94608 | $860,000 | 2 | 1 | 1,076 | 5000 Sqft |
3801 San Pablo Ave #305, Emeryville, CA,94608 | $395,000 | 1 | 1 | 591 | 13479 Sqft |
3 Captain Drive #D412, Emeryville, CA,94608 | $449,000 | 1 | 1 | 883 | -- |
1121 40th St #2208, Emeryville, CA,94608 | $549,000 | 2 | 2 | 1,313 | 7410 Sqft |
5855 Horton St #521, Emeryville, CA,94608 | $619,000 | 1 | 1 | 1,068 | 1068 Sqft |
2 Anchor #497, Emeryville, CA,94608 | $431,000 | 1 | 1 | 663 | 716 Sqft |
Christie Avenue #404, Emeryville, CA,94608 | $499,900 | 1 | 1 | 768 | -- |
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ByOwner last updated this listing 05/08/2024 @ 10:57
MLS: 41049529
LISTED BY: Grant Chappell, NAI Northern California
SOURCE: CRMLS
Buyer Agency Compensation: 1%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.