2045 Emerson St, Berkeley, CA 94703
- $1,500,000
- 6
- BD
- 3,270
- SqFt
Listed by Willem Bos, (916) 698-9954 from COMPASS
(If provided) CoList: from
- List Price
- $1,500,000
- MLS#
- EB41129075
- Status
- ACTIVE
- Sqft. of Residence
- 3,270
- Lot Size
- 5,000
- Listing Area
- Berkeley Map Area 9
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.
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Additional Information
- Acres
- 0.11
- Amenities
- Balcony/Patio, Other
- Cooling System
- Air Conditioning - None
- Exterior Features
- Stucco
- Floor Covering
- Carpet - Wall to Wall, Hardwood
- Garage Parking
- Covered Parking
- Heating System
- Floor Furnace
- Laundry Facilities
- In Basement, Laundry Area - In Unit, Washer, Dryer
- Living Area
- 3,270
- Lot Size
- 5,000
- Neighborhood
- Berkeley Map Area 9
- Numberof Units
- 5
- Other Rooms
- Basement - Separate Entry, Basement - Finished
- Roof
- Composition
- Unincorporated Yn
- Yes
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