1121 40th St #5102 5102, Emeryville, California 94608, Emeryville, 94608 - 2 bed, 2 bath
Loading property details...
1121 40th St #5102 5102
Emeryville, California 94608
ACTIVE
CONDITION: GOOD
2Beds
2Baths
758Sq Ft
0Lot Size
Property Price
LIST PRICE$182,888
EST. MARKET VALUE
$182,878
SUMMARY
This Below Market Rate (BMR) Condominium represents a Strong Value Opportunity, listed at $482,888—positioned well above the $455,699 Fair Market Value by -5%. While the pricing reflects the BMR program's unique structure, the property maintains a Good Condition Rating with modern wood-style flooring and stainless steel appliances. Featuring a 2-bedroom, 2-bathroom layout with a private patio and spa access, this home offers a functional, move-in ready lifestyle. It is an ideal acquisition for first-time buyers or income-qualified owner-occupants seeking a stable, centrally located Emeryville residence.
Estimated Market Value
$182,878
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 2 bd · 2 ba · 758 sqft · $241 | $182,888* List Price | 2 | 2 | 758 | $241 | - |
A 3801 San Pablo Ave 306 Active 2 bd · 2 ba · 859 sqft · $235 · 0.2 mi | $202,100 List Price | 2 | 2 | 859 | $235 | 0.2 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, the property is 20 years old and falls within the 'Good' range. The interior is well-maintained and move-in ready, featuring updated wood-style flooring and a functional kitchen with stainless steel appliances and stone countertops.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Value
Priced at $482,888, this Below Market Rate (BMR) unit offers a rare opportunity to own a 2-bedroom home in Emeryville at a significant discount compared to market-rate properties.
- Modern Configuration
Built in 2006, the 758 sqft layout includes two full bathrooms, providing a functional and private living arrangement that is highly desirable for small families or roommates.
- Strategic Location
The property is centrally located in Emeryville, offering residents convenient access to regional transportation, major retail centers, and diverse employment hubs.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility
The sale is strictly limited to buyers meeting City of Emeryville BMR guidelines, including a minimum two-person household requirement and specific income caps, narrowing the potential buyer pool.
- High Monthly Carrying Costs
The association fee of $756 per month is relatively high, which may impact the overall monthly affordability for buyers within the restricted income brackets.
About 1121 40th St #5102 5102
Bids due on 10/18/2026 5 pm. LOCATION * LOCATION * BMR * This 758-square-foot condo home features 2 bedrooms and 2 bathrooms. We can assist with the BMR LENDING AND GUIDELINES. Interested buyers and agents should contact the LISTING AGENT for BMR program requirements, eligibility information, and required disclosures before submitting an offer. Require: RPA: 60-day COE, APPROVAL Letter from BMR-approved lender(s), POF, and buyer's BMR package. 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 | 1.4 |
| Baths | 2.0 | 1.0 |
| Square foot | 758 | 747.625 |
| Lot Size | - | 205,334.891 |
| Price | $182.9K | $444.8K |
| Price per sq ft | $241 | $515 |
| Built year | 2006 | 1986 |
| HOA | $756.0 | $709 |
| Days on market | 80 | 62 |
Pricing History
Listed for Sale
Oct 13, 2026
$182,888
$482,888
-62% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$482,888
Initial Listing
Sold
Mar 11, 2022
$465,000
Public Record
Sold
Apr 15, 2019
$377,500
Public Record