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3719 Emerson St 9 Unit Apartment Building $2,200,000 ($244,444/Unit) 6.80% Cap Rate Oakland, CA 94610
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present 3719 Emerson Street, a charming 1920s nine-unit apartment community ideally situated on the border of Oakland's highly coveted Glenview and Trestle Glen neighborhoods. The property consists of six spacious 1-bedroom/1-bath units averaging 800 square feet, and three large 1-bedroom/1-bath plus office units nearing 1,000 square feet. Each apartment features beautiful oak hardwood floors, abundant natural light, and many offer city or Oakland Hills views. The building has recently undergone major capital improvements, including a newer roof, all-new individual HVAC systems, upgraded electrical and wiring throughout, and a full seismic retrofit in compliance with Oakland's city ordinance. With its blend of historic charm, substantial upgrades, and strong rental upside, 3719 Emerson Street represents an exceptional opportunity in one of Oakland's most desirable neighborhoods.
PROPERTY FACTS
| Price | $2,200,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $244,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Cap Rate | 6.80% | Building Size | 8,760 SF |
| Gross Rent Multiplier | 10.6 | No. Stories | 4 |
| No. Units | 9 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 0.76/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,200,000 |
| Price Per Unit | $244,444 |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| Gross Rent Multiplier | 10.6 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 8,760 SF |
| No. Stories | 4 |
| Year Built | 1928 |
| Parking Ratio | 0.76/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | 800 |
| 1+1 | 3 | - | 950 |
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Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 023-0478-006-00 | Improvements Assessment | $1,451,878 |
| Land Assessment | $624,240 | Total Assessment | $2,076,118 |
PROPERTY TAXES
Parcel Number
023-0478-006-00
Land Assessment
$624,240
Improvements Assessment
$1,451,878
Total Assessment
$2,076,118
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3719 Emerson St
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