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Additional details
Listed by Willem Bos, DRE #02013980 • COMPASS
$1,500,000
Est. payment /mo
6 Beds
4 Baths
3,270 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 3,270 sqft
Price per Sqft $458
MLS Listing ID EB41129075
Bedrooms 6
Year Built 1909
Lot Size 5,000 Sqft
Property Sub-Type Multiple Dwellings / Structures
Source Bridge MLS
Property Description
***Open House Thursday (4/9) from 11AM-12PM*** 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.
Location
State CA
County Alameda
Area Berkeley Map Area 9
Interior
Heating Floor Furnace
Cooling Air Conditioning - None
Flooring Carpet - Wall to Wall, Hardwood
Laundry In Basement, Laundry Area - In Unit, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Covered Parking
Garage Spaces 5.0
Roof Type Composition
Others
Special Listing Condition Not Applicable
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