UNDER CONTRACT | 2004-2010 Emerson St
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UNDER CONTRACT 2004-2010 Emerson St
8 Unit Apartment Building $1,800,000 ($225,000/Unit) 6.38% Cap Rate Berkeley, CA 94703
Investment Highlights
- Consists of six (6) 1-bedroom, 1-bathroom units, and two (2) studio units
- Additional income is generated from a rooftop cell tower
- Steps from both Ashby and Shattuck Avenues offering amazing eateries, The Berkeley Bowl, Whole Foods, and more
- Excellent in-place cash flow with a 6.38% cap rate and significant rental upside
- Features a 93 walk score and is considered a “Walker’s Paradise” by walkscore.com
- Less than one block to the Ashby BART station offering complete Bay Area access
Executive Summary
The Mitchell Warren Team is pleased to present 2004 Emerson Street, an 8-unit multifamily asset in a prime South Berkeley location steps from the Ashby BART station. This well-maintained property features a desirable unit mix, consisting of six (6) 1-bedroom, 1-bathroom units, and two (2) studio units, making it an attractive option for a variety of tenants. The property offers beautiful architecture with period-appropriate details and a large shared yard for tenant convenience. Additional income is generated through a rooftop cell tower. The property’s ideal location will ensure vacancy is kept to a minimum and cash flow strong. Don't miss out on this exceptional opportunity to acquire a stabilized multifamily asset with strong in-place income in one of Berkeley's most sought-after areas.
Property Facts
Unit Amenities
- Tile Floors
- Crown Molding
- Hardwood Floors
- Carpet
Site Amenities
- Courtyard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 535 |
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Walk Score ®
Walker's Paradise (94)
Bike Score ®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 053-1595-002-00 | Improvements Assessment | $260,476 |
| Land Assessment | $131,355 | Total Assessment | $384,831 |
PROPERTY TAXES
Parcel Number
053-1595-002-00
Land Assessment
$131,355
Improvements Assessment
$260,476
Total Assessment
$384,831
zoning
| Zoning Code | R-3 |
| R-3 |
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UNDER CONTRACT | 2004-2010 Emerson St
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