3801 San Pablo Ave #306
This is an income-restricted (BMR) resale. Its price is set by an income formula, not by the market, so the gap against normal comps is not equity you own — it is a restriction you inherit, with income limits to qualify and a formula price when you sell. Scoring it against market comps would flatter it enormously, so we don't score it at all.
💵What this unit actually costs per month
46% of that payment is not the mortgage. The HOA fee alone is $41,460 over five years — money that buys you no equity. A calculator that defaulted the fee to zero would have quoted you $1,388.
Not FHA-approved. No 3.5%-down FHA financing on this unit, so the realistic floor is a 5%-down conventional loan ($10,105). Common for small associations and not a defect on its own, but it does remove FHA buyers from your resale pool.
Minimum realistic down payment here: 5% · verify on HUD's lookup
Rate is the Freddie Mac PMMS 30-year average for the week of 2026-10-08 — a national survey figure, not a quote. Tax, insurance and closing costs are estimates; your own Loan Estimate is the real number.
This building's HOA fees
2 recorded pointsReconstructed from 5 units of recorded sales at 3801 San Pablo Ave — every recorded sale carries its HOA fee and date. No listing site shows this.
We have a few recorded HOA fees for this building but not yet enough to call a reliable trend, so these are the raw points — no rate implied. Its documents fill in the reserve health and assessment risk.
🏢 Get this building's full reserve & assessment report — free →✅ Positives
- Cheapest of 4 tracked in Emeryville
- 55% below model fair value
- Upper floor (fl 3)
- In-unit W/D
⚠️ Cons
- Photos look dim — verify light in person
🚩 Red flags
- Income-restricted (BMR) resale — price set by an income formula, not the market; buyer income limits apply and the gap vs comps is not equity
- HOA $691/mo — 4.1%/yr of the price
Photos
Price history (this unit)
- Sep 30, 2026 — Listed $202,100
- Oct 1, 2009 — Sold (Public Records) $128,500
Description
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…