1121 40th St #5102 5102, Emeryville, California 94608, Emeryville, 94608 - 2 bed, 2 bath
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1121 40th St #5102 5102
Emeryville, California 94608
ACTIVE
CONDITION: GOOD
2Beds
2Baths
758Sq Ft
0Lot Size
Property Price
LIST PRICE$482,888
EST. MARKET VALUE
$458,325
5% AboveMARKET VALUE
SUMMARY
This 2-bedroom, 2-bath condominium represents a Strong Value Opportunity, listed at $482,888—positioned well below the $458,326 Fair Market Value by -5%. Built in 2006, the unit maintains a Good Condition Rating with modern finishes and a functional layout. While subject to the City of Emeryville's BMR program, this property provides a rare, accessible entry point into the local market. It is an ideal acquisition for income-qualified buyers or first-time buyers seeking a stable, move-in ready home in a modern building.
Estimated Market Value
$458,325
Based on Realkey algorithm analyzing recent comparable sales in Emeryville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1121 40th St #5102 5102 Subject | $482,888* List Price | 2 | 2 | 758 | $605 | - |
A 3801 3801 San Pablo Ave 303 Sold | $415,000 | 2 | 2 | 889 | $467 | 0.2 mi |
B 3801 3801 San Pablo Ave 207 Sold | $420,000 | 2 | 2 | 859 | $489 | 0.2 mi |
C 91 Emery Bay Dr Sold | $529,000 | 2 | 1 | 828 | $639 | 0.5 mi |
D 1517 1517 Brunswig Ln Sold | $579,000 | 2 | 1 | 952 | $608 | 0.8 mi |
E 1001 46th Street 212 Active | $475,000 List Price | 1 | 1 | 1,051 | $452 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2006, this 20-year-old condominium falls within the 10-20 year age bracket for 'Good' condition. The interior appears well-maintained and move-in ready, featuring functional stone countertops in the bathroom and modern wood-style flooring in the living areas. The systems and finishes are consistent with the building's age and show no signs of neglect.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
As a Below Market Rate (BMR) unit priced at $482,888, this property offers a rare and highly accessible entry point into the competitive Emeryville real estate market for qualified buyers.
- Modern Construction
Built in 2006, the condominium benefits from contemporary building standards and design, offering a more modern living environment than much of the surrounding older housing stock.
- Functional Layout
The 2-bedroom, 2-bathroom configuration provides an optimal balance of privacy and utility, making it an ideal space for small families or roommates within a compact footprint.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility
The property is subject to strict BMR program guidelines, including specific income caps and a minimum two-person household requirement, which significantly limits the pool of eligible purchasers.
- High Monthly Carrying Costs
The $756 monthly association fee is relatively high, particularly for an affordable housing unit, and may impact the overall monthly budget for income-restricted buyers.
About 1121 40th St #5102 5102
LOCATION * LOCATION * BMR * This 758 square foot condo home features 2 bedrooms and 2 bathrooms. We can assist with the BMR guidelines. INCOME AND OCCUPANCY RESTRICTIONS This 2-bedroom home requires a minimum household size of two (2) persons. Maximum household income limits apply based on household size. For 2026, the maximum income is $197,300 for a 2-person household and $221,950 for a 3-person household. Please refer to the Emeryville BMR Guidelines for complete income and occupancy requirements. This is a Below Market Rate (BMR) resale opportunity subject to the City of Emeryville's BMR Ownership Program and Resale Restriction Agreement. Sale is restricted to buyers who qualify for and are approved by the City of Emeryville's BMR Program prior to the close of escrow. Buyers must complete the City's income certification and approval process.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2006
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $756.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.5 |
| Baths | 2.0 | 1.0 |
| Square foot | 758 | 774.12 |
| Lot Size | - | 230,772.3 |
| Price | $482.9K | $451.9K |
| Price per sq ft | $637 | $517 |
| Built year | 2006 | 1987 |
| HOA | $756.0 | $708 |
| Days on market | 35 | 55 |
Pricing History
Listed for Sale
Aug 5, 2026
$482,888
Initial Listing
Sold
Mar 11, 2022
$465,000
Public Record
Sold
Apr 15, 2019
$377,500
Public Record