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$3,195,000
Est. payment /mo
7,218 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,218 sqft
Price per Sqft $442
Subdivision Emeryville
MLS Listing ID 41146335
HOA Y/N No
Year Built 1943
Lot Size 0.306 Acres
Acres 0.31
Property Sub-Type Multi Family
Property Description
The subject property 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.
Location
State CA
County Alameda
Rooms
Basement None
Interior
Heating Natural Gas
Cooling None
Flooring None
Fireplace No
Exterior
View Y/N false
View None
Building
Lot Description Rectangular Lot
Sewer None
Water None
New Construction No
Others
Tax ID 49102635
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Listed by Grant Chappell • NAI Northern California
NEARBY SCHOOL & BUSINESS
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Eric & Janelle Boyenga
Realtors DRE01254724 / 01254725
Realtors DRE01254724 / 01254725