2045 Emerson St, Berkeley, CA, 94703
About This Home
***Open House Thursday (4/9) from 11AM-12PM*** 2045 Emerson Street, a 5-unit multifamily property located in Berkeley’s South Berkeley neighborhood offered at $1,500,000. The property features a unit mix of four 1BD/1BA units and one 3BD/1BA, generating $11,852 in current monthly income. This is an exceptional opportunity for an owner-user, with a spacious 3-bedroom unit complemented by a large approximately 500 SF finished basement with half bath, offering significant potential for additional living space, home office, or added income. Three of the five units, including the owner’s unit, have been renovated with modern kitchens and baths, providing a strong mix of turnkey and value-add potential. The owner’s unit features in-unit washer and dryer, while the remaining units benefit from on-site coin-operated laundry, creating additional income potential. The property also offers on-site parking with covered carport spaces and further upside through implementing parking and laundry income. With strong in-place cash flow and approximately 12% rental upside, this is a rare opportunity in a highly desirable Berkeley location.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1909
Materials
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Washer
- Laundry features: In Basement,In Unit
Basement
- Has basement: Yes
- Basement: Finished,Separate Entry
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 4
Features
- Flooring: Hardwood,Carpet
Heating & Cooling
- Heating features: Floor Furnace
- Cooling features: No Air Conditioning
Interior Area
- Total structure area: 3,270
- Total interior livable area: 3,270 sqft
Property
Details
- Parcel number: 5315927
- Special condition: Standard
Features
- Fencing: Fenced
Lot
- Lot size: 4,791 sqft
- Features: 2 Houses / 1 Lot
Parking
- Parking features: Carport - 2 Or More,Covered
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Alameda County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,584 | $91,008 |
| Home Insurance * | $278 | $3,336 |
| Property Taxes | $1,692 | $20,304 |
| Electricity | $701 | $8,414 |
| Total | $10,255 | $123,060 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-31 | Listed for sale | $1,500,000 |
| 2026-03-02 | Listing removed | $3,990 |
| 2026-02-22 | Price change | $3,990 |
| 2026-02-21 | Price change | $4,040 |
| 2026-02-18 | Price change | $4,080 |
| 2026-02-01 | Price change | $4,120 |
| 2026-01-25 | Listed for rent | $4,160 |
| 2021-08-11 | Listing removed | -- |
| 2021-07-11 | Price change | $4,000 |
| 2021-07-06 | Price change | $4,200 |
| 2021-06-21 | Listed for rent | $4,500 |
| 2021-06-18 | Sold | $1,950,000 |
| 2021-04-09 | Pending sale | $1,995,000 |
| 2021-03-12 | Price change | $1,995,000 |
| 2021-01-28 | Listed for sale | $2,175,000 |
| 2019-06-07 | Sold | $1,000,000 |
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