1049 43rd St - Apartments FOR SALE


Emeryville, CA 94608
$3,249,000 USD
510-244-3707
1049 43rd St, Emeryville, CA for Sale
$3,249,000 USD
Apartments - FOR SALE
1/13
null | 6.79% Cap Rate

1049 43rd St
Emeryville, CA 94608


HIGHLIGHTS

  • (12) 1-bedroom, 1-bathroom units
  • 13 onsite parking spaces
  • Stabilized asset with attractive rental upside
  • Convenient, central location within minutes of many amenities
  • Easy access to MacArthur BART station
  • Direct access to San Francisco via I-80 and the Bay Bridge

OVERVIEW

1049-1053 43rd Street 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. The subject property is located on 43rd Avenue, between San Pablo Avenue and Adeline Street just west of the Longfellow neighborhood of Emeryville. The attractive location is within minutes to many amenities that include the East Bay Bridge Mall and Bay Street, both home to various national retailers, shops, and restaurants. Emeryville's strategic location offers unparalleled accessibility, situated at the crossroads of major transportation arteries, conveniently connected to San Francisco, Oakland, and Berkeley - making it a prime destination for professionals, commuters, and those seeking a cosmopolitan lifestyle. Benefiting from a diverse economic base, Emeryville has evolved into a hub for innovation, technology, and biotechnology companies. The city hosts a myriad of businesses, contributing to a robust local economy and ensuring a stable demand for quality housing options.

FOR SALE DETAILS

PRICE

$3,249,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

12

PRICE/UNIT

$270,750

CAP RATE

6.79%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

RM2

APN/PARCEL ID

049-1026-028-00

ASK ABOUT THIS PROPERTY

Rudas GebregiorgesNAI GlobalMore Info
510-244-3707

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Rudas GebregiorgesNAI GlobalMore Info
510-244-3707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.