Sold

1034 47th Street

Emeryville CA, 94608

$4,925,000


$369.69 per sqft

Sold

13,322 sqft

Commercial

Built in 1918

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.

40938722

MLS ID

February 15, 2024

Updated

Map

1034 47th Street
Emeryville CA, 94608

Interior Features

Floor Description

Other


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

1 Acre


Lot Features

Irregular Lot


Roof

Composition Shingles, Unknown


Sewer

Public Sewer

Other Property Details

Area Name

Emeryville


Garage

Yes


Parking

Space Per Unit - 1, Tandem, Other, Garage Faces Front, Uncovered Parking Space


View

No


County

Alameda


Water Source

Public


Pool

No

Listed by Richard Martini with Colliers International
Listing Contact: 925-279-4614 

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