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    1034 47th Street

    Emeryville, CA 94608
    • $5,120,000
    • STATUS: Active
    • ON SITE: 5 days
    • ID#: BE40938722
    New On Site 5 Days Ago
    UPDATED: 31 min ago
    $5,120,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1918
    County:
    Area:

    School Ratings & Info

    Description

    14 single-family homes & bungalows on one parcel, plus a single-family home on a separate parcel located at 1031 53rd Street in Oakland (15-units total). Multiple exist strategy possibilities, including a lot split of four homes on 47th Street, and the sale of the single family home on 53rd. City of Emeryville approval to build three duplexes (6 total units) on the 47th Street side. Units separately metered for water, gas & electricity. Low operating expenses. Seven units delivered vacant at close for immediate upside in rents. Property needs work, however several possible exit strategies to reduce overall cost basis in the property. Desirable Emeryville Triangle/NOBE neighborhood.

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    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-28T16:48:41.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
    www.dominicnicoli.com/homes/114432928
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    1034 47th Street Emeryville, CA 94608

    • Price: $5,120,000
    • Status: Active
    • Updated: 31 min ago
    • ID#: BE40938722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1918
    Built
    Neighborhood:
    Emeryville
    County:
    Alameda
    Area:
    Emeryville
    Property Description
    14 single-family homes & bungalows on one parcel, plus a single-family home on a separate parcel located at 1031 53rd Street in Oakland (15-units total). Multiple exist strategy possibilities, including a lot split of four homes on 47th Street, and the sale of the single family home on 53rd. City of Emeryville approval to build three duplexes (6 total units) on the 47th Street side. Units separately metered for water, gas & electricity. Low operating expenses. Seven units delivered vacant at close for immediate upside in rents. Property needs work, however several possible exit strategies to reduce overall cost basis in the property. Desirable Emeryville Triangle/NOBE neighborhood.
    Exterior Features

    Exterior Siding - Wood Garage Parking Spaces Per Unit - 1Tandem ParkingOther Lot Description Irregular Roof Composition30 Units In Complex Max 15

    Interior Features

    Baths Unit1 1.00 Baths Unit2 1.00 Beds Unit1 2 Beds Unit2 3 Cooling None Flooring Other Heating Gas Sq Ft Unit1 806 Sq Ft Unit2 989 Structure Sq Ft 13322

    Property Features

    Additional Listing Info NewNot Applicable Amenities Other City Name Emeryville Cross Street Adeline St Hoa Amenities Other Lot Size Area Maximum 43740.00 Meters Separate ElectricSeparate GasSeparate Water Rent Unit1 1422 Rent Unit2 2042 Sewer Septic Sewer - Public Water Public

    © 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Wayne Wang of Colliers International.


    © 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-02-28T16:48:41.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate.

    Licensed in the State of California.
     
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