3801 San Pablo Ave 306, Emeryville, California 94608, Emeryville, 94608 - 2 bed, 2 bath
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3801 San Pablo Ave 306
Emeryville, California 94608
ACTIVE
CONDITION: GOOD
2Beds
2Baths
859Sq Ft
13,479Lot Size
Property Price
LIST PRICE$202,100
EST. MARKET VALUE
$218,501
7% BelowMARKET VALUE
SUMMARY
This Below Market Rate (BMR) Condominium is a Strong Value Opportunity, listed at $202,100—positioned well below the $218,501 Fair Market Value by 7%. This valuation gap offers $16,401 in Instant Equity for eligible buyers. The property is in Good Condition, featuring a functional layout with garage parking for two cars. Located in central Emeryville near major transit and employment hubs, it balances affordability with urban convenience. This is an ideal opportunity for income-qualified buyers or first-time buyers seeking a stable, move-in ready home.
Estimated Market Value
$218,501+$16,401 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 3801 San Pablo Ave 306 Subject 2 bd · 2 ba · 859 sqft · $254 | $202,100* List Price | 2 | 2 | 859 | $254 | - |
A 1121 40th Street 4202 Active 1 bd · 1 ba · 622 sqft · $269 · 0.1 mi | $167,600 List Price | 1 | 1 | 622 | $269 | 0.1 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 2009, this 17-year-old condo falls within the 10-20 year range for 'Good' condition. The unit is well-maintained and move-in ready, featuring functional kitchen and bathroom cabinetry, stone countertops, and modern appliances including a stacked washer/dryer. Systems and interior finishes appear to be in solid working order with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Affordability
Priced at $202,100, this Below Market Rate (BMR) unit offers a rare entry point into the Bay Area housing market for low-income households at a fraction of standard market values.
- Strategic Urban Location
The property is centrally located near major employers like Pixar, premier shopping at Bay Street, and offers excellent transit connectivity via the free Emery Go-Round shuttle and BART.
- Ample Parking
The inclusion of garage parking for two cars is a significant premium for a two-bedroom condo in a dense urban environment, providing added convenience and value.
CONSRISKS & DEFICIENCIES
- Restrictive Eligibility and Resale
Strict income limits, occupancy requirements, and City resale restrictions limit the pool of eligible buyers and cap the potential for long-term capital appreciation.
- High Monthly Carrying Costs
The $691 monthly HOA fee is relatively high compared to the purchase price, which may impact the debt-to-income ratio and overall affordability for the target low-income demographic.
About 3801 San Pablo Ave 306
Welcome to Adeline Place in central Emeryville. This 859-square-foot condo offers 2 bedrooms, 1.5 bathrooms, and garage parking for two cars. Nearby destinations include restaurants, East Bay Bridge Shopping Center, Bay Street Emeryville, Emeryville Public Market, and Pixar. The free Emery Go-Round shuttle, BART connections, and major freeways provide options for commuting throughout the Bay Area. This is a Below Market Rate (BMR) unit offered at $202,100, subject to City program eligibility requirements and resale restrictions. Maximum annual household income under the 2025/26 Low Income (80% AMI) limits: 2 people—$108,600; 3 people—$122,200; 4 people $135,750; 5 people $146,650 (occupancy is between 2-5 people for a two bedroom home). Maximum offer price: $202,100. Buyer eligibility is subject to City approval. BMR units are exempt from City transfer tax. Offers will be opened/reviewed after 3 weeks on the market. Offers are subject to a selection lottery if more than one offer is received by the published deadline. The property must be actively listed on MLS for at least three weeks before an offer may be accepted. Seller is willing to consider offers requesting concessions.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2009
- Lot Size
- 13,479 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $691.0 / 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 | 859 | 747.625 |
| Lot Size | 13,479 | 205,334.891 |
| Price | $202.1K | $444.8K |
| Price per sq ft | $235 | $515 |
| Built year | 2009 | 1986 |
| HOA | $691.0 | $709 |
| Days on market | 24 | 62 |
Pricing History
Listed for Sale
Sep 30, 2026
$202,100
Initial Listing