1049 43rd St - Apartments FOR SALE


Emeryville, CA 94608
$3,195,000 USD
510-244-3707
1049 43rd St, Emeryville, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/15
null | 6.69% Cap Rate

1049 43rd St
Emeryville, CA 94608


HIGHLIGHTS

  • (12) Spacious 1-bedroom, 1-bathroom units
  • (13) On-site Parking Spaces
  • No city imposed rent increase restrictions
  • Convenient, central location within minutes of many amenities
  • 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 9 of 12 units already renovated, these spacious and sophisticated unit renovations showcase modern design and aesthetic elements, including e?cient layouts, stainless steel appliance packages, and upgraded finishes throughout. Due to its desirable location, the property benefits significantly from very low vacancy and tremendous tenant demand. With strong in-place cash flow, the property can achieve both attractive financing and significant cash flow upside with additional unit turnover.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$443 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,250

CAP RATE

6.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

No City Imposed Rent Control

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 Northern CaliforniaMore Info
510-244-3707

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Rudas GebregiorgesNAI Northern CaliforniaMore Info
510-244-3707

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