2045 Emerson St - Apartments FOR SALE


Berkeley, CA 94703- South Berkeley
$1,500,000 USD
916-698-9954
2045 Emerson St, Berkeley, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/20
null | 5.96% Cap Rate

2045 Emerson St
Berkeley, CA 94703
South Berkeley


HIGHLIGHTS

  • Vacant 3br/1ba ready for owner user
  • Renovated Units
  • In Unit Washer & Dryers for duplex
  • Off Street Parking

OVERVIEW

Bos Group is proud to present 2045 Emerson Street, a 5-unit multifamily property located in Berkeley’s South Berkeley neighborhood offered at $1,500,000. The property features a unit mix of four 1BD/1BA units and one 3BD/1BA, generating $11,852 in current monthly income. This is an exceptional opportunity for an owner-user, with a spacious 3-bedroom unit complemented by a large approximately 500 SF finished basement with half bath, offering significant potential for additional living space, home office, or added income. Three of the five units, including the owner’s unit, have been renovated with modern kitchens and baths, providing a strong mix of turnkey and value-add potential. The owner’s unit features in-unit washer and dryer, while the remaining units benefit from on-site coin-operated laundry, creating additional income potential. The property also offers on-site parking with covered carport spaces and further upside through implementing parking and laundry income. With strong in-place cash flow and approximately 12% rental upside, this is a rare opportunity in a highly desirable Berkeley location.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$459 USD /SF

# OF UNITS

5

PRICE/UNIT

$300,000

CAP RATE

5.96%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1909

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

R-2A

APN/PARCEL ID

053-1592-007-00

ASK ABOUT THIS PROPERTY

Willem BosCompass CommercialMore Info
916-698-9954

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

Willem BosCompass CommercialMore Info
916-698-9954

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