1298 63rd Street, Emeryville, CA for sale

Investment Overview

The Mitchell Warren Team proudly presents 1298 63rd Street, a 6-unit multifamily property ideally located in the bustling and highly sought-after city of Emeryville. This well-maintained property consists of four (4) spacious 2-bedroom, 1-bathroom units, one (1) 2-bedroom, 2-bathroom, and one (1) 3 bedroom, 1-bathroom townhouse-style units with in-unit laundry, offering a versatile mix and convenience to attract a wide range of tenants. Each unit is individually metered for gas and electricity, ensuring reduced operating expenses for the owner. Positioned in an unbeatable location with convenient access to major freeways, shopping centers, dining, and entertainment, 1298 63rd Street boasts a Walk Score of 90, designating it as a Walker’s Paradise. This property provides a rare opportunity for investors to stabilize and optimize rental income in a dynamic market. Don't miss out on the chance to own a prime asset in the vibrant Emeryville community.

Investment Highlights

• Unit Mix: Four (4) spacious 2-bedroom, 1-bathroom units, one (1) 2-bedroom, 2-bathroom townhouse-style unit, and one (1) 3-bedroom, 1-bathroom townhouse-style unit.
• Rare Investment Opportunity: One of only 25 total multifamily properties in Emeryville.
• No City Rent Control Ordinance: Offering greater flexibility in rent increases and long-term value appreciation.
• Prime Location: Situated in the heart of Emeryville with easy access to Bay Street, restaurants, shopping, and entertainment.
• Strong Tenant Demand: Desirable area with high rental demand and historically low vacancy rates.
• Individually Metered Units: Each unit is separately metered for gas and electricity, reducing owner operating expenses. Additionally, the two townhouse units are separately metered for water, providing further savings and simplifying utility management.