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Listed by Grant Chappell • NAI Northern California
$ 3,250,000
Est. payment | /mo
7,218 SqFt
$ 3,250,000
Est. payment | /mo
7,218 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,218 sqft
Price per Sqft $450
MLS Listing ID MR41103228
Year Built 1943
Lot Size 0.306 Acres
Property Sub-Type Five or More Units
Source Bridge MLS
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
Area Emeryville
Interior
Heating Gas
Cooling None
Flooring None
Exterior
Exterior Feature None
Parking Features No Parking
Garage Spaces 12.0
Roof Type None
Building
Lot Description Regular
Sewer None
Water None
Others
Tax ID 49-1026-35
Special Listing Condition New, Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884