1220 62nd St
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1220 62nd St
6 Unit Block of Flats £1,339,067 (£223,178/Unit) 4.70% Net Initial Yield Emeryville, CA 94608
Investment Highlights
- Large fenced lot behind the building.
- Sidewalk repaired (10/2024)
- Newer Roof (08/2023)
Executive Summary
1220 62nd Street consists of 6 studio units, each with a kitchen, bathroom and private outside deck space. The roof is newer and all units have been upgraded over the past 7 years. This six-plex, located in Oakland, is literally across the street from Emeryville, and Berkeley is only a few blocks away. A large fenced lot behind the building offers enough space for tenants to park their cars. Door codes on each gate provide an added level of privacy. A newer on site laundry room is an attractive amenity for tenants and a source of additional income. The building is fully occupied. Attracting new tenants, when a vacancy arises, has never been a problem*. WalkScore.com gives it a 93 “walkers’ Paradise. No car needed to do daily errands.” And a 92 Bike Score™. It is close to the CC Capitol Corridor and the SF Shuttle bus at the Emeryville stop. The Emery-go-round provides free transportation to BART and convenient access to much of the Bay Area.
Property Facts
| Price | £1,339,067 | Apartment Style | Low Rise |
| Price Per Unit | £223,178 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Net Initial Yield | 4.70% | Building Size | 2,746 SF |
| Gross Rent Multiplier | 15.02 | Average Occupancy | 100% |
| No. Units | 6 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 2.18/1,000 SF |
| Price | £1,339,067 |
| Price Per Unit | £223,178 |
| Sale Type | Investment |
| Net Initial Yield | 4.70% |
| Gross Rent Multiplier | 15.02 |
| No. Units | 6 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,746 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1963 |
| Parking Ratio | 2.18/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
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Walk Score ®
Walker's Paradise (95)
Bike Score ®
Biker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 016-1465-011-05 | Improvements Assessment | £776,122 |
| Land Assessment | £148,051 | Total Assessment | £924,173 |
PROPERTY TAXES
Parcel Number
016-1465-011-05
Land Assessment
£148,051
Improvements Assessment
£776,122
Total Assessment
£924,173
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William Fletcher -
Red Oak Realty
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1220 62nd St
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