2045 Emerson St, Berkeley, CA 94703
2045 Emerson St, Berkeley, CA 94703
2045 Emerson St, Berkeley, CA 94703
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$1,500,000
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5,000 Sqft Lot
Active

2045 Emerson St Berkeley, CA 94703

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Brent Cate

Brent Cate

+1(559) 304-6188

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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

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Willem Bos COMPASS #02013980

NEARBY SCHOOL & BUSINESS

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Brent Cate

Brent Cate

License ID: 01482878

+1(559) 304-6188

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2045 Emerson St

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