Emeryville Fixer
1096 48th Emeryville, CA 94608
1096 48th, Emeryville, CA, 94608
$745,000
For Sale
$745,000
Dual-zoned property in a dynamic, rapidly growing Bay Area market.
Property Size2,772 SF
Price / SF$268.76
Days on Market100
Property Features for 1096 48th
General Information
- Standard status
- Active
- Size
- 2,772 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1935
Listing Agency
TWIN OAKS REAL ESTATE INC
7468700
Listed by
DEANDRE S LEE
Source
Corcoran
Added: Apr 10 Checked: Jul 17 at 3:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TWIN OAKS REAL ESTATE INC
Investment Insights
Based on property information with market context.
Located in Emeryville, this property presents a fixer opportunity with potential for value creation. The property, previously configured as a four-plex, is now dual-zoned for both commercial and residential use, offering flexibility for various development options. The location in Emeryville, a dynamic and rapidly growing market in the Bay Area, enhances its investment appeal. The property is suitable for investors, developers, or owner-users seeking to capitalize on a sought-after location. The property offers the possibility of a mixed-use setup, combining a storefront or business on the ground level with residential living above. The property is to be sold as-is. The property size is 2772 square feet.
Key Highlights
- Prime investment opportunity in rapidly growing Emeryville market.
- Dual‑zoned for commercial and residential use, offering flexible development options.
- Previously configured as a four‑plex, suggesting potential for multi‑unit redevelopment.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.8k | $36.00 |
| − Vacancy | −$10.0k | −$3.60 |
| EGI | $89.8k | $32.40 |
| − OpEx | −$33.7k | −$12.15 |
| NOI | $56.1k | $20.25 |
2,772 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Multifamily LT 5
$1.33M
$1.16M – $1.55M
NOI $93,043 @ 7.0% cap · market cap 12.49%
Second Best
Mixed Use
$801.9K
$701.7K – $935.6K
NOI $56,133 @ 7.0% cap · market cap 7.53%
Theoretical Best
Retail
$12.64M
$11.06M – $14.74M
NOI $884,619 @ 7.0% cap · market cap 118.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Dual-zoned property in a dynamic, rapidly growing Bay Area market.
Where is this mixed-use property located?
The property is located at 1096 48th Emeryville, CA.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Prime investment opportunity in rapidly growing Emeryville market.; Dual‑zoned for commercial and residential use, offering flexible development options.; Previously configured as a four‑plex, suggesting potential for multi‑unit redevelopment.
