Five-Unit Multifamily
2045 Emerson St Berkeley, CA 94703
2045 Emerson St, Berkeley, CA, 94703
$1,500,000
For Sale
$1,500,000
Five-unit Berkeley income property with four 1BD/1BA units and one 3BD/1BA unit, plus on-site laundry and parking.
Property Size3,270 SF
Price / SF$458.72
Days on Market115
Property Features for 2045 Emerson St
General Information
- Standard status
- Active
- Size
- 3,270 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1909
Listing agency
COMPASS
(916) 698-9954
Listed by
Willem Bos · License #02013980
(916) 698-9954
Source
Exitrealty
Added: Mar 31 Updated: Jul 22 at 9:26AM Checked: Jul 22 at 9:26AM
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 COMPASS
Investment Insights
Based on property information with market context.
This five-unit multifamily property features a unit mix of four 1-bedroom/1-bath units and one 3-bedroom/1-bath unit. Three of the five units, including the owner’s unit, have been renovated with updated kitchens and baths. The owner’s unit includes in-unit washer and dryer, and the remaining units are supported by on-site coin-operated laundry.
The property also offers a spacious 3-bedroom unit with an approximately 500 SF finished basement that includes a half bath, providing additional flexibility for living space, a home office, or expanded utility within the home. On-site parking is available with covered carport spaces.
Current monthly income is reported at $11,852, supported by in-place tenancy across the five units.
The property also offers a spacious 3-bedroom unit with an approximately 500 SF finished basement that includes a half bath, providing additional flexibility for living space, a home office, or expanded utility within the home. On-site parking is available with covered carport spaces.
Current monthly income is reported at $11,852, supported by in-place tenancy across the five units.
Key Highlights
- Five‑unit multifamily built in 1909 in Berkeley’s South Berkeley neighborhood
- Unit mix: four 1BD/1BA units plus one 3BD/1BA unit
- Current monthly income of $11,852
Local Financial Insights For Apartment 5plus
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 | $124.4k | $38.04 |
| − Vacancy | −$6.2k | −$1.90 |
| EGI | $118.2k | $36.14 |
| − OpEx | −$53.2k | −$16.26 |
| NOI | $65.0k | $19.88 |
3,270 SF · lease $38.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$928.5K
$812.4K – $1.08M
NOI $64,994 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.26M
$1.11M – $1.48M
NOI $88,525 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Five-unit Berkeley income property with four 1BD/1BA units and one 3BD/1BA unit, plus on-site laundry and parking.
Where is this apartment building located?
The property is located at 2045 Emerson St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Five‑unit multifamily built in 1909 in Berkeley’s South Berkeley neighborhood; Unit mix: four 1BD/1BA units plus one 3BD/1BA unit; Current monthly income of $11,852
