1050 47th St, Emeryville, California 94608, Emeryville, 94608 - 0 bed, 0 bath
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Emeryville, California 94608
This Emeryville Quadruplex represents a Strong Value Opportunity, listed at $1,150,000—positioned well below the $1,258,174 Fair Market Value by 8%. This valuation gap provides $108,174 in Instant Equity for buyers. With a Condition Rating of 5, the property requires significant deferred maintenance, offering a clear path for value-add renovations. Its diverse unit mix and strategic location near major employment hubs ensure long-term rental demand. This asset is an ideal acquisition for Buy-and-Hold Investors or experienced developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1050 47th St Subject | $1,150,000* List Price | 0 | 0 | 4,130 | $305 | - |
A 1012 44th St Sold | $918,000 | 0 | 0 | 2,682 | $342 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1940 with no evidence of recent renovations. The listing explicitly notes deferred maintenance and the need for repairs, indicating that the kitchens, bathrooms, and core systems likely require a full rehab to meet modern standards.
The property features a rare configuration of two 3-bedroom and two 2-bedroom units across two separate buildings, offering high rental capacity and flexibility for various tenant profiles.
The presence of deferred maintenance provides a significant opportunity for investors to renovate, modernize, and force appreciation to capture higher market rents.
Located in the high-demand Emeryville market, the property is ideally positioned near major employment hubs and transit, ensuring low vacancy rates and long-term desirability.
The property requires immediate and likely extensive repairs, which will necessitate substantial upfront capital expenditure and may complicate traditional financing options.
Built in 1940, the structure may harbor outdated electrical, plumbing, and mechanical systems that require costly upgrades to meet modern building codes and efficiency standards.
Emeryville fourplex with strong investment potential. Property consists of two buildings. Building 1 (Front): • Unit A: 3 bedroom, 1 bath • Unit B: 3 bedroom, 2 bath Building 2 (Rear): • Two identical units: 2 bedroom, 1 bath each Property requires repairs and deferred maintenance, which is reflected in the price.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 4,130 | 2,450 |
| Lot Size | 5,000 | 5,738 |
| Price | $1.15M | $999.6K |
| Price per sq ft | $278 | $443 |
| Built year | 1940 | 1940 |
| HOA | $0 | $0 |
| Days on market | 2 | 76 |
Jul 20, 2026
$1,150,000
Initial Listing