Berkeley Duplex: Renovation
2057 Emerson St Berkeley, CA 94703
2057 Emerson St, Berkeley, CA, 94703
$1,165,000
For Sale
Under Contract
$1,165,000
MULTI_FAMILY - Berkeley, CA
Property Size2,359 SF
Lot Size0.12 Acres
Price / SF$493.85
Days on Market1393
Property Features for 2057 Emerson St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bonus Room, Bedroom 4, Bedroom 2
- Parking
- 2
- Parking features
- Driveway, Covered
- Standard status
- Active Under Contract
- APN
- 053-1592-006-02
- Size
- 2,359 SF
- Lot size
- 0.12 Acres
Building Details
- Year built
- 1900
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Linoleum, Carpet
- Roof type
- Shingle
Listing Agency
RE/MAX ESTATE PROPERTIES
(310) 802-6000
7131 MANCHESTER BLVD, Rancho Palos Verdes, CA
Listed by
Miriam Dean · License #00917977
(310) 266-7934
Added: Sep 24, 2022 Checked: Jul 17 at 5:06 am
MLS# 22-202991
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex in Berkeley, California, presents an opportunity for ownership. Located at 2057-2065 Emerson Street, the property is available in its current condition, featuring one tenant-occupied unit, while the other unit will be vacant upon closing. The property, situated on a 0.1205-acre lot, includes a 2-bedroom, 1-bath unit on the first floor, and another 2-bedroom, 1-bath unit on the second floor. The third floor features a bonus area with three bedrooms, one bath, and a kitchen. A detached two-car garage and a long driveway provide ample parking. The property also features a backyard suitable for gatherings. With approximately 2359 square feet of space, this duplex offers potential for remodeling and renovation. Its location provides proximity to the University of California Berkeley, Bay Area Rapid Transit Ashby station (BART), major freeways (880, 580), hiking trails, a hospital, farmers market, Whole Foods, restaurants, shopping, and the broader Bay Area. San Francisco and Oakland are also within close proximity.
Key Highlights
- Prime location: close proximity to UC Berkeley, BART (Ashby station), major freeways (880, 580), San Francisco, and Oakland.
- Duplex with one unit delivered vacant at close of escrow, offering immediate occupancy or rental potential.
- Potential for remodeling and renovation to create an architectural masterpiece.
Local Financial Insights For Multifamily LT 5
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 | $80.7k | $34.20 |
| − Vacancy | −$4.2k | −$1.78 |
| EGI | $76.5k | $32.42 |
| − OpEx | −$22.9k | −$9.73 |
| NOI | $53.5k | $22.70 |
2,359 SF · lease $34.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$764.8K
$669.2K – $892.3K
NOI $53,538 @ 7.0% cap · market cap 4.60%
Second Best
Apartment 5plus
$669.8K
$586.1K – $781.5K
NOI $46,887 @ 7.0% cap · market cap 4.02%
Theoretical Best
Specialty Retail
$912.3K
$798.3K – $1.06M
NOI $63,863 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex in Berkeley, CA, with renovation potential and tenant.
Where is this duplex located?
The property is located at 2057 Emerson St Berkeley, CA.
What is the asking price?
The asking price for this property is $1,165,000.
What are key features of this property?
This property features: Prime location: close proximity to UC Berkeley, BART (Ashby station), major freeways (880, 580), San Francisco, and Oakland.; Duplex with one unit delivered vacant at close of escrow, offering immediate occupancy or rental potential.; Potential for remodeling and renovation to create an architectural masterpiece.
