Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) vacant 2BR/1BA owners unit, allowing for immediate lease-up at market rents. The property offers a projected 6.91% cap rate upon occupancy of the vacant units. Additional income potential exists through garage and tandem parking, on-site storage, possible ADU conversion of storage areas, and implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring, interior paint, cabinetry, and countertops in Unit E, along with a new dishwasher in the vacant owners unit. Major electrical improvements include brand-new main panels and subpanels. Sewer lateral inspection has also been completed.
| MLS # | ML82048186 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1898 |
| Days On Site | 108 |
| Listing Provided By | Compass | Rachel Ivers |
| SQ Feet | 3,275 |
|---|---|
| Car Port | Yes |
| Units | 5 |
| Building(s) | 1 |
| Zoning | R-4 |
| Acreage | 0.12 |
| Cooling | None |
|---|---|
| Heating | Electric, Fireplaces |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Shingle |
|---|
| Utilities | Other |
|---|
| Property | 20782 |
|---|
| State | CA |
|---|---|
| County | Alameda |
| City | Alameda |
| Zip Code | 94501 |
| Area | 699 Not Defined |
| Listing VS Median (in 94501) | |
Price: $1,350,000 low | high Med: $1,599,000 sqft: 3,275 low | high Med: 3,247 $ / sqft: $412 low | high Med: $492 On site: 108 low | high Med: 110 | |
| State | CA |
|---|---|
| County | Alameda |
| City | Alameda |
| Zip Code | 94501 |
| Area | 699 Not Defined |
| Listing VS Median (in 94501) | |
Price: $1,350,000 low | high Med: $1,599,000 sqft: 3,275 low | high Med: 3,247 $ / sqft: $412 low | high Med: $492 On site: 108 low | high Med: 110 | |