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No City Rent Control & $100K Reduction 1298 63rd St 6 Unit Apartment Building $3,034,588 CAD ($505,765 CAD/Unit) 7.04% Cap Rate Emeryville, CA 94608
INVESTMENT HIGHLIGHTS
- Six Units Comprised of Four (4) 2bd/1bth Units, One (1) 2bd/2bth Townhome Style Unit & One (1) 2bd/1.5bth Townhome Style Unit
- Fresh Paint, Well Maintained Landscaping, Ample Parking, and Many Upgrades
- Turnkey Investment - All Units Near Market Rents
- Excellent Emeryville Location Near Popular Restaurants and Retail With Immediate Access to All Major Freeways & Public Transportation
- Beautiful Architectural & Aesthetically Pleasing Design in a Rare & Sought After Location
EXECUTIVE SUMMARY
The Pinza Group presents 1298 63rd St in Emeryville, CA. A walker's paradise, the property is located in the heart of Emeryville just walking distance to the city's best shopping and dining and minutes from major highways and public transportation. This well maintained turnkey investment offers six multifamily units comprised of four (4) 2bd/1bth units, one (1) 2bd/2bth townhome sale units, and one (1) 2bd/1.5bth townhome style unit. The townhome style units pay all their own utilities while the owner is responsible for the water and trash of the four 2bd/1bth units. All units are separately metered for gas and electric providing lower annual expenses for the owner. Additionally, the property features ample on site parking for tenants along with coin operated laundry machines providing additional income. This investment provides a rare opportunity to acquire a turnkey asset in one of the Bay Area's hottest and stable rental markets.
Email Info@PinzaGroup.com for a complete marketing package, exterior photos, interior photos, and more!
Email Info@PinzaGroup.com for a complete marketing package, exterior photos, interior photos, and more!
PROPERTY FACTS
| Price | $3,034,588 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $505,765 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 7.04% | Building Size | 7,305 SF |
| Gross Rent Multiplier | 11.11 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1954/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Zoning | RMH - Multifamily | ||
| Price | $3,034,588 CAD |
| Price Per Unit | $505,765 CAD |
| Sale Type | Investment |
| Cap Rate | 7.04% |
| Gross Rent Multiplier | 11.11 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 7,305 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1954/2020 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | RMH - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Granite Countertops
- Tub/Shower
- Carpet
- Double Pane Windows
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | 700 |
| 2+1.5 | 1 | - | 835 |
| 2+2 | 1 | - | 835 |
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Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 049-1471-008-00 | Improvements Assessment | $1,141,491 CAD |
| Land Assessment | $614,649 CAD | Total Assessment | $1,756,139 CAD |
PROPERTY TAXES
Parcel Number
049-1471-008-00
Land Assessment
$614,649 CAD
Improvements Assessment
$1,141,491 CAD
Total Assessment
$1,756,139 CAD
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No City Rent Control & $100K Reduction | 1298 63rd St
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