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Listed by Rachel Ivers • Compass, DRE#02106194
$1,000,000
Est. payment /mo
3 Beds
5 Baths
3,491 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,491 sqft
Price per Sqft $286
MLS Listing ID ML82048184
Bedrooms 3
Full Baths 5
Year Built 1904
Lot Size 3,944 Sqft
Property Sub-Type Five or More Units
Property Description
Charming Victorian-style apartment property located in Alamedas highly sought after Bronze Coast neighborhood. Excellent opportunity for value-add investors. The property features a diverse unit mix consisting of (2) Studio units, (2) 1BR/1BA units, and (1) 2BR/1BA units, allowing for immediate lease up at market rents. The property delivers a 6.70% CAP RATE after occupancy of vacant units. Unit E recently renovated from a Studio unit to a true 1BR/1BA unit. Additional income potential exists through garage and off street parking, and implementation of shared laundry for units currently without in unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring and interior paint in Unit C & D and common areas. Major electrical improvements include brand new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed.
Location
State CA
County Alameda
Area Alameda Map Area 2
Zoning R-4
Interior
Heating Electric
Cooling None
Flooring Carpet, Hardwood, Laminate, Vinyl / Linoleum
Laundry Washer/Dryer - Some Units
Exterior
Parking Features Attached Garage
Garage Spaces 1.0
Utilities Available Natural Gas
Roof Type Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 071-0269-003
Security Features Controlled / Secured Access
Special Listing Condition Not Applicable
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