Description

The 61st is a FULLY VACANT 5 unit apartment community in Emeryville. This asset has (2) buildings on one parcel- a fourplex and a detached 1x1. This rare valued add opportunity has tons of upside and a good unit mix; (1) 3 bed 1 bath, (1) 2 bed 1 bath, (2) 1 bed 1 bath, and (1) Studio. The fourplex has 1x1 and 2x1 downstairs + studio and 3x1 upstairs. The detached 1x1 is on top of 2 garages. Additional income from on-site laundry, assigned parking and garages. Separately metered for Gas + Electric. Potential for infill ADU development under detached 1x1. Rare, fully vacant 9+ Cap in Emeryville near Rockridge + Ashby Bart, Bushrod Park, 24/580 Highway Access. The Berkeley/ Emeryville border presents investors with a compelling submarket convergence thesis and strong long-term appreciation potential.