1049 43rd St

The subject property is located on 43rd Avenue, between San Pablo Avenue and Adeline Street just west of the Longfellow neighborhood of Emeryville. The attractive location is within minutes to many amenities that include the East Bay Bridge Mall and Bay Street, both home to various national retailers, shops, and restaurants. Emeryville's strategic location offers unparalleled accessibility, situated at the crossroads of major transportation arteries, conveniently connected to San Francisco, Oakland, and Berkeley - making it a prime destination for professionals, commuters, and those seeking a cosmopolitan lifestyle. Benefiting from a diverse economic base, Emeryville has evolved into a hub for innovation, technology, and biotechnology companies. The city hosts a myriad of businesses, contributing to a robust local economy and ensuring a stable demand for quality housing options.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.