1034 47th Street

Emeryville, CA 94608

$4,925,000
Last Sold Price
Beds
13,322 Sq. Ft.
$370 / Sq. Ft.
13,322
Sq. Ft.
$370
per Sq. Ft.

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...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.
  1. Listed by Richard Martini • DRE #01505297 • Colliers International

Property Details for 1034 47th Street

City
EMERYVILLE
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Spaces per Unit - 1, Tandem Parking, Other
Total # Parking Spaces
15

Location

Listing Courtesy of Colliers International, Richard Martini, DRE #01505297

Sold By Mojaddidi & Associates, Tariq Mojaddidi, DRE #02096290

Add your commute
LISTING UPDATED: 06/24/2021 01:16 PM

Property Details for 1034 47th Street

StatusSold
MLS #40938722
Days on Compass45
Taxes$35,387 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1918
Lot Size1.00 AC / 43,740 SF
CountyAlameda County

Location

Listing Courtesy of Colliers International, Richard Martini, DRE #01505297

Sold By Mojaddidi & Associates, Tariq Mojaddidi, DRE #02096290

Add your commute

Building Information for 1034 47th Street

Stories-Residences15Year Built1918Building Size-Lot Size1.00 AC / 43,740 SF

Payment Calculator

$29,827 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,878

Property Taxes

$2,949

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1034 47th Street

Features
Feature Details
  • Flooring: Other
Utility Details
  • Cooling: None
  • Heating: Gas
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Other
Property Details
  • Additional Equipment: Internet Available
  • City Transfer Tax: Yes
  • Exterior: Wood Siding
  • Lot Description: Irregular
  • Lot Sq Ft Apx: 43740
  • Lot Size Square Feet: 43740.0
  • Roof: Composition Shingles, Unknown
  • Sq Ft Apx: 13322
  • Year Built: 1918
Location Details
  • Directions to Property: Adeline St to 47th St
  • FIPS Code: 06001
  • Census Tract: 425104
  • Parcel Number: 49-1175-8-3
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 15
  • Basement: None
  • Separate Meters: Electric, Gas, Water
  • Tenant Pays: Electric, Gas, Trash, Water
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 8
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 806
  • Unit # 1 Rent: 1422
Unit 2
  • Unit 2 # Units This Type?: 7
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 3
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 7
  • Unit # 2 Approx SqFt: 989
  • Unit # 2 Rent: 2042
Building Details
  • Additional Features-Misc: Other
  • Apx Lot Acres: 1
  • On Site Parking Description: Space Per Unit - 1, Tandem Parking, Other, Garage Facing Front, Uncovered Parking Space
  • Tot Ann Oper Exp: 85839.0
  • Total Deposits: 0
Income / Expense Details
  • Annual Exp Year: 2021
  • Annual Gross Sched Income: $293,037
  • Annual Insurance Expense: $10,529
  • Annual License Expense: $448
  • Annual Maint Expense: $12,084
  • Annual Mgmt Expense: $20,142
  • Annual Misc Income: $0
  • Annual Rent Income: $302,100
  • Annual Taxes: $35,387
  • Annual Util Expense: $0
  • Annual Vacancy: 47.0
  • Gross Income: $302,100
  • Gross Operating Actual Income: $293,037
  • Net Operating Income: $348,333
  • Other Annual Expense: $7,250
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1034 47th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1034 47th Street

Taxable ValueLand$1,398,297Additions$3,275,699Total$4,673,996
Tax Record2023$60,231 ($5,019 / month)
Home Facts
Total Finished SqFt11,274 SqFtAbove Grade Finished SqFt11,274 SqFtStories1Lot Size41,220 SqFtStyleMulti-Family Res (5+ Units)Year Built1957CountyALAMEDAAPN49-1175-8-3

Schools near 1034 47th Street

This home is within Emery Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Private - PK to 8
Private - PK to 8
Rating
School
Distance
Anna Yates Elementary School
PublicK to 8

Emery Secondary School
Public9 to 12

East Bay German International School
PrivatePK to 8

Pacific Rim International
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Colliers International, Richard Martini, DRE #01505297

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.