1298 63rd St - Apartments FOR SALE


Emeryville, CA 94608
$2,295,000 USD
510-725-4775
1298 63rd St, Emeryville, CA for Sale
$2,295,000 USD
Apartments - FOR SALE
1/15
null | 6.3% Cap Rate

1298 63rd St
Emeryville, CA 94608


HIGHLIGHTS

  • Six Units Comprised of Four (4) 2bd/1bth Units, One (1) 2bd/2bth Townhome Style Unit & One (1) 2bd/1.5bth Townhome Style Unit
  • Excellent Emeryville Location Near Popular Restaurants and Retail With Immediate Access to All Major Freeways & Public Transportation
  • Fresh Paint, Well Maintained Landscaping, Ample Parking, and Many Upgrades
  • Beautiful Architectural & Aesthetically Pleasing Design in a Rare & Sought After Location
  • Turnkey Investment - All Units Near Market Rents
  • Walk Score of 90: A Walker's Paradise!

OVERVIEW

The Pinza Group presents 1298 63rd St in Emeryville, CA. A walker's paradise, the property is located in the heart of Emeryville just walking distance to the city's best shopping and dining and minutes from major highways and public transportation. This well maintained turnkey investment offers six multifamily units comprised of four (4) 2bd/1bth units, one (1) 2bd/2bth townhome sale units, and one (1) 2bd/1.5bth townhome style unit. The townhome style units pay all their own utilities while the owner is responsible for the water and trash of the four 2bd/1bth units. All units are separately metered for gas and electric providing lower annual expenses for the owner. Additionally, the property features ample on site parking for tenants along with coin operated laundry machines providing additional income. This investment provides a rare opportunity to acquire a turnkey asset in one of the Bay Area's hottest and stable rental markets.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

6

PRICE/UNIT

$382,500

CAP RATE

6.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

-

APN/PARCEL ID

049-1471-008-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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