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$ 1,500,000
Est. payment /mo
Active
2045 Emerson St Berkeley, CA 94703
5,000 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Lorin
MLS Listing ID 41129075
HOA Y/N No
Year Built 1909
Lot Size 5,000 Sqft
Property Description
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
Interior
Heating Floor Furnace
Flooring Carpet, Wood
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Covered, Carport
Roof Type Shingle
Total Parking Spaces 5
Others
Tax ID 5315927
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Willem Bos COMPASS #02013980
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