1298 63rd St - Apartments FOR SALE


Emeryville, CA 94608
$1,995,000 USD
209-740-1251
1298 63rd St, Emeryville, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/18
null | 6.77% Cap Rate

1298 63rd St
Emeryville, CA 94608


HIGHLIGHTS

  • Four (4) spacious 2-bedroom, 1-bathroom units, one (1) 2- bedroom, 2-bathroom townhouse unit, and one (1) 3-bedroom, 1-bathroom townhouse unit
  • Rare Investment Opportunity: One of only 25 total multifamily properties in Emeryville
  • No City Rent Control Ordinance: Offering greater flexibility in rent increases and long-term value appreciation
  • Prime Location: Situated in the heart of Emeryville with easy access to Bay Street, restaurants, shopping, and entertainment
  • Strong Tenant Demand: Desirable area with high rental demand and historically low vacancy rates
  • Individually Metered Units: Each unit is separately metered for gas and electricity, reducing owner operating expenses. Additionally, the two townhous

OVERVIEW

The Mitchell Warren Team proudly presents 1298 63rd Street, a 6-unit multifamily property ideally located in the bustling and highly soughtafter city of Emeryville. This well-maintained property consists of four (4) spacious 2-bedroom, 1-bathroom units, one (1) 2-bedroom, 2-bathroom, and one (1) 3 bedroom, 1-bathroom townhouse-style units with in-unit laundry, offering a versatile mix and convenience to attract a wide range of tenants. Each unit is individually metered for gas and electricity, ensuring reduced operating expenses for the owner. Positioned in an unbeatable location with convenient access to major freeways, shopping centers, dining, and entertainment, 1298 63rd Street boasts a Walk Score of 90, designating it as a Walker’s Paradise. This property provides a rare opportunity for investors to stabilize and optimize rental income in a dynamic market. Don't miss out on the chance to own a prime asset in the vibrant Emeryville community. 1298 63rd Street is situated in the heart of Emeryville, a vibrant hub known for its seamless blend of urban amenities and community charm. This prime location places tenants within walking distance of popular shopping destinations like Bay Street Emeryville, as well as an array of restaurants, cafés, and entertainment options. Conveniently located near the I-80, I-580, and I-880 freeways, the property offers excellent access to all points of the Bay Area, making it ideal for commuters. Public transportation options, including the Emery GoRound shuttle to the nearby MacArthur BART Station, further enhance the convenience of this location.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

6

PRICE/UNIT

$332,500

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Non-Rent Controlled | Turn-key Asset

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

RMH

APN/PARCEL ID

049-1471-008-00

ASK ABOUT THIS PROPERTY

Randell SilvaNAI Northern CaliforniaMore Info
209-740-1251

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Randell SilvaNAI Northern CaliforniaMore Info
209-740-1251

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