This Multifamily Property is Off-Market.

470 Central Avenue
Alameda, CA 94501 ·

33 Units · Multifamily For Sale

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Bayview Apartments

Price N/A Gross Rent Multiplier 10.82
No. Units 33 Occupancy 94%
Building Size 14,400 SF No. Stories 2
Property Type Multifamily Year Built 1959
Property Sub-type Mid/High-Rise Lot Size 13,369 SF
Property Use Type Investment Parking Ratio 33 / 1,000 SF
Cap Rate 5.30%
Listing ID: 14171031 Date Created: 04/05/2005 Last Updated: 09/21/2005

Description

The offering which is located at 470 Central Avenue is a well maintained thirty three (33) unit apartment complex located in the City of Alameda, California. The building was constructed in 1965 (to be confirmed by the county assessor s office) and consists of four two-story buildings with wood frame and stucco finish. The property has twenty nine (29) one bedroom one bath units of @ 400-580sf and four (4) two bedroom one bath units of @ 580sf. The property features a landscaped courtyard with a swimming pool and some balconies with bay views. All units are metered individually for gas & electricity.

The property roof is flat.

The complex enjoys an abundance of parking.

The property has been very well maintained and benefits from its ideal location in West Alameda within a short walk to many schools. The property is situated close to the new West End development and the College of Alameda and benefits from its easy access to highway 880, 24 and Interstate 80.

This property is a fantastic opportunity for an investor to acquire very rare low maintenance multi family units in the thriving West End of the City of Alameda.

PLEASE DO NOT DISTURB THE TENANTS! PLEASE CONT

The apartments on Central Avenue are located at 370 Central Avenueen 3rd and 4th. The subject property offers its tenants a well maintained building in a quiet residential surrounding with views of the bay. The property benefits from its West Alameda location with walking distance of Webster Street and a number of public and private schools.
This offering provides an investor with a low maintenance pride of ownership property in a fantastic location in the thriving West End of the city of Alameda, California

Highlights

  • Well maintained property
  • No rent control
  • Some bay views
  • Metered separately for PG&E
  • Great west end location
  • Close to many schools and shops

Research

470 Central Avenue, Alameda, CA 94501 (Alameda County)

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