
Emeryville, California 94608
Analysis of 1121 40th Street 4202, Emeryville, California 94608 is currently available with a list price of $167,600. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Emeryville Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old with original builder-grade kitchen cabinetry and finishes. While the unit is well-maintained, clean, and move-in ready, the age of the systems and dated aesthetic fall into the Fair category (>20 years) requiring minor updates to meet modern standards.
Priced at $167,600, this Below Market Rate (BMR) unit offers a rare opportunity for homeownership in a high-cost area at a fraction of typical market value.
The property is ideally situated near MacArthur BART, Amtrak, and major retail hubs like Bay Street, providing excellent accessibility for commuters and shoppers.
Residents benefit from premium features including a fitness center, hot tub, landscaped courtyards, and private parking, enhancing the overall lifestyle value.
The BMR program's strict income limits (80% AMI) and the potential for a lottery selection process significantly narrow the pool of eligible buyers and complicate the acquisition process.
The $672 monthly association fee is disproportionately high relative to the listing price, which may impact the monthly affordability for low-to-moderate income households.
Rarely available Below Market Rate (BMR) in Emeryville. This one bedroom home offers a bright, inviting living space with treetop views, featuring laminate flooring, blackout blinds in the bedroom, window shutters in the living room, in-unit washer and dryer. Residents also enjoy excellent building amenities, including landscaped courtyards, a fitness center, a hot tub, and private parking. Located in a vibrant hub, the community is within two miles of Bay Street shopping mall, Tokyo Central Market, Ikea, and Target. Commuting is a breeze with the MacArthur BART station, and Amtrak. BMR program allows for a household size of 1–3 people. The maximum income limits are 80% AMI, income limits are as follow: $95,050 for one person, $108,600 for a two-person household, and $122,200 for a three-person household. Per program requirements, BMR units must remain on the market for at least three weeks before an offer can be accepted. The offer deadline is Thursday, September 24th, by 11:00 AM. In the event that multiple offers are received, the City will require a lottery to determine which offer will proceed. For additional information, application details, and program restrictions, please visit https://www.hellohousing.org/ or review the disclosure packet.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 1.5 |
| Baths | 1.0 | 1.0 |
| Square foot | 622 | 774.12 |
| Lot Size | - | 230,772.3 |
| Price | $167.6K | $451.9K |
| Price per sq ft | $269 | $517 |
| Built year | 2005 | 1987 |
| HOA | $672.0 | $708 |
| Days on market | 6 | 55 |
Sep 3, 2026
$167,600
Initial Listing
Jun 17, 2024
$148,500
Public Record
Nov 6, 2017
$135,500
Public Record
Sep 23, 2015
$124,000
Public Record
Jun 9, 2006
$109,000
Public Record