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45th St. Artists Coop affordable LIVE/WORK UNIT for sale:Open Houses(Emeryville)

  • Aug 23, 2014 · 10:00 AM
  • This location is shown only to members

Rare opening at an amazing 40-year old coop; this isn't an intentional community, but it is self-governing and self-managed. These folks pioneered artists' live-work cooperatives in the East Bay. They've worked out many governing kinks, and have created common gardens and porches in the middle of industrial E'ville. As part of a deal with the city, in exchange for their original CDBG grant/loan, members give art classes in the public schools. All members must income-qualify at move-in, similar to Mariposa Grove and Berkeley Cohousing.

The 45th Street Artists Cooperative in Emeryville HAS A LIVE/WORK STUDIO FOR SALE!

This unit must be owner-occupied by artists; it is not a day studio. Applicants must be working artists and meet Emeryville low to moderate income qualifications, with annual income less than $32,750 to $101,000, depending on household size (specific financial details available on the website).

1220 Floor Square Feet (1730 total)
Buy in cost: $170,242.38
Additional Monthly Assessment: $841.85 + utilities
Move in date: December 1,2014


Ground Floor: (1,220 sq feet) has main entrance with kitchen, dining room, work studio, bathroom (with small shower), office (or second bedroom) and storage loft over interior building hallway.

Second story loft includes master bedroom and bathroom (with tub).

Further details:

2 entry doors: 1 interior, 1 exterior to Holden Street

Special features: 2 sets French doors (1 on lower level, 1 on upper level with balcony and rails

10 new double-glazed skylights (7 operable and screened)

Warm floors (hydronic radiant heating system on both levels operated by an "on demand" water and floor combination boiler.

Lower level with concrete floor; upper level bamboo wood floors.

Interior sheer walls with insulation and soundproofing.

Restructured roofline over studio loft with concrete & steel.

Kitchen with appliances and cabinets (stove not included).

Work sink


All built-in cabinets

Utilities: gas and electric, 110 & 220 volt

Off-street parking

Handicapped accessible

(to compare a barebones unit offered in the same community last year, see the previous listing)
Studio will be available for viewing for two weekends:

August 16 & 17

August 23 (RSVP on this page) & 24

Viewing Hours: Saturday 10am - 2pm and Sunday 12 - 4pm

Please note the following dates:

Application deadline: September 4, 4pm (in office, not postmarked)

Interviews: September 3 - October 2 (applicant must be available for one of these dates)

Community Reception: October 26 (applicant must be available)

For more information, visit the website:

Right: James Morris, ceramic sculpture artist, at work at home in the community.

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  • Karen W.

    so, went bonkers at hi cost but if one reduces one's income by share assigned to the work space... Calcs from RESEARCHER view, not any official: mortgage +assessment sums to 2/3 of your income if have max income for a single lo-income person per limits. Maybe income gets reduced in City’s eyes if you expense the workspace. To cover costs at “affordable” def of 30% of income needs 2+ people & $70,000
    Detes: Without tax-expense, borrowing 90%LTV (so easy for lo-income to save $17K) with prime credit but unusual building means at best a 5.5% rate making payments w/mortgage insurance of $927+841 assmnt =$22,000yr (no utilities): need income of $70+K If can expense the loft, that income would=$60,000 in city’s view becuz expense reduces Pre-AGI income. With expensed loft, a single person could =, best case 45K. you’d qualify at that 35,000-ish cutoff BUT you’d be paying 50% of your income to housing/loft.
    At 5% down, $8500, mortgage +m.i.= $1,100mo requiring $76,000yr income

    August 22, 2014

    • Raines C.

      Thanks for the analysis, Karen. When I went I asked about share financing, and they didn't know whether it was available, from what lenders at what terms. This is significant since conventional home financing is typically not an option for co-ops, and it makes a big difference in affordability. They may be assuming someone has the assets for a much higher downpayment, not necessarily the income.

      August 22, 2014

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