Looking for a comfortable and convenient place to live in Oakland? Look no further than 843 47th St. This charming 4-plex offers spacious 2-bedroom, 1-bathroom units, each approximately 821 square feet. Enjoy the benefits of a highly sought-after location within walking distance of UCSF Benioff Children's Hospital. Plus, the central location provides easy access to public transportation via BART, making it a breeze to get around the city and reach employment centers. Owner-occupied or investment opportunity!
The subject property consists of three multifamily buildings totaling 7,218 square feet, situated on a 13,342 square foot parcel, with a total of 12 1-bedroom, 1-bathroom units. With 8 of 12 units already renovated, these spacious and sophisticated unit renovations showcase modern design and aesthetic elements, including efficient layouts, stainless steel appliance packages, and upgraded finishes throughout. Due to its desirable location, the property benefits significantly from very low vacancy, tremendous tenant demand, and premium rental rates. With strong in-place cashflow, the property can achieve both attractive financing and significant cash flow upside with additional unit turnover.
Emeryville is located in California. Emeryville, California has a population of 11,524. Emeryville is less family-centric than the surrounding county with 21.53% of the households containing married families with children. The county average for households married with children is 37.12%.
The median household income in Emeryville, California is $88,661. The median household income for the surrounding county is $85,743 compared to the national median of $57,652. The median age of people living in Emeryville is 35.3 years.
The average high temperature in July is 74.9 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 21.3 inches per year, with 0.4 inches of snow per year.
