Comm Ri Multi-units 5+ For Sale
13,322 Sqft - 1034 47th Street, EMERYVILLE, California 94608
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.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : 40938722
Price : $5,120,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 13,322 Sqft
Year Built : 1918
Lot Area : 1 Sqft
Features
Heating System : Gas
Roof : Unknown, Composition Shingles
Address Map
Country : US
State : CA
County : Alameda
City : EMERYVILLE
Zipcode : 94608
Street : 47th Street
Street Number : 1034
Floor Number : 0
Longitude : W123° 43' 17.7''
Latitude : N37° 50' 11.8''
MLS Addon
Office Name : Colliers International
Building Type : 5 Or More Units
Area : Emeryville
Address : 1034 47th Street
Cross Street : Adeline St
Directions to Property : Adeline St to 47th St
LA1User Code : 183504786BE
LA1Agent First Name : Richard
LA1Agent Last Name : Martini
Status Category : Sold
Tot # Parking Spaces : 15
Tot # of Units : 15
List $/SqFt : $384
Age : 103
Apx Lot Sq Ft : 43,740 Sqft
Type of Building : Apt Complex
Annual Taxes : $35,387
Total Deposits : $0
ADDTL FEATURES MISC. : Other
EQUIPMENT ADDITIONAL : Internet Available
EXTERIOR : Wood Siding
FLOORING : Other
LOT DESCRIPTION : Irregular
ON-SITE PARKING DESC : Other, Space Per Unit - 1, Tandem Parking, Uncovered Parking Space, Garage Facing Front
SEPARATE METERS : Electric, Gas, Water
TENANT PAYS : Electric, Gas, Water, Trash
WATER/SEWER : Water - Public, Sewer System - Public
Census Tract : 425104
Bus Sq Ft of Bldg : 0 Sqft
EXISTING LOAN : Other
Other Loans (Y/N) : No
1st Loan Balance : $12,084
2nd Loan Balance : $302,100
Tot Other Loans : $0
Financial Data Verif(Y/N) : 4.3%
FINANCIAL DATA SOURCE : Owner
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $5,120,000
Sold Price : $4,925,000
Previous Price : $5,120,000
Sale $/SqFt : $0
Gross Oper Actual Inc : 293037
Annual Gross Sched Inc : 293037
Net Oper Income : 348333
Annual Mgmt Exp : 20142
Annual License Exp : 448
Annual Util Exp : 0
Other Ann Exp : 7250
Tot Ann Oper Exp : 85839
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 10529
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Broker DRE Number : 02096290
ZIDX Only Street Name : 47th Street
Buyer Agent DRE Num. : 02096290
Co List Agent DRE Num. : 01505297
List Agent DRE Num. : 01505297
LA1Agent License ID : 01505297
LA1NRDS_ID : 183504786
SA1Agent First Name : Tariq
SA1Agent Last Name : Mojaddidi
SA1Agent License ID : 02096290
SA1User Code : 159527657
SA1NRDS_ID : 159527657
Annual Vacancy : 47
Gross Income : 302100
Listing Broker DRE Numbe : 00490878
Sale/Original $ : 96
Annual Exp Yr : 2021
Sale $/SqFt : 370
1st - Yrs Remaining : 0
Sale/Last List $ : 96
Interest Rate : 0
Board ID : BAY EAST
Assessors Parcel No : 49-1175-8-3
Showing : Call listing agent for tour days and times
SO1Office Abbreviation : CCMOJDAS
SO1Office Name : Mojaddidi & Associates
LO1Main Office ID : 83657
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 85842
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 4925000
Address Search Number : 1034
Listing Agent : 303080
Listing Office : 83657
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 326619
Buying Office 1 : 85842
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 12
Input Date : 23/02/2021 00:50:05
Update Date : 24/06/2021 20:16:02
PhotoTimestamp : 24/06/2021 20:16:02
First Photo Add Timestamp : 23/02/2021 00:51:50
List Date : 22/02/2021
Expire Date :
Pending Date : 08/04/2021
Closing Date : 23/06/2021
Status Date : 24/06/2021
Price Date : 24/06/2021
Off Market Date : 08/04/2021
Status : Sold
Dual Variable : No
City Transfer Tax : Yes
Ocpnt Req 24 Hr : Yes
Off Market Status Date :
LVT Date : 22/02/2021
DOMLS : 45
Cumulative DOMLS : 45
Unit # 1 # of Bathrooms: 1
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 806
Unit # 1 Parking Spaces: 1
Unit # 1 Rent: 1422
Unit 1 # Units This Type?: 8
Unit # 2 # of Bathrooms: 1
Unit # 2 # of Bedrooms: 3
Unit # 2 Approx. SqFt: 989
Unit # 2 Parking Spaces: 7
Unit # 2 Rent: 2042
Unit 2 # Units This Type?: 7
