This Multifamily Property is Off-Market.

1839-1841 Alameda Ave
Alameda, CA 94501 ·

5 Units · Multifamily For Sale

N/A

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Multifamily Property For Sale

Price N/A Commission Split 3%
No. Units 5 Cap Rate 5.85%
Building Size 2,466 SF Gross Rent Multiplier 10.30
Property Type Multifamily Occupancy 8%
Property Sub-type Garden/Low-Rise Year Built 1905
Property Use Type Investment
Listing ID: 16698046 Date Created: 05/24/2010 Last Updated: 09/02/2010

Description

FIRST TIME ON THE MARKET IN OVER 30 YEARS!

The subject property at 1839-1841 Alameda Avenue is a well maintained five legal unit apartment building located on highly sought after Alameda Avenue in the desirable area of Central Alameda.

The building was constructed circa 1905 and is comprised of three, junior one-bedroom/one-bath units, one, one-bedroom/one-bath unit and one, large one-bedroom/one-bath owner' s unit. Exterior features include beautiful old world Victorian architectural style and interior features include 12-foot ceilings, crown molding, large windows with lots of natural light and other original period detail throughout.

The property is located in an irreplaceable location, surrounded by primarily high end residential homes. The building' s close proximity to top-rated schools, major employment hubs of downtown Oakland, San Francisco and downtown Park Street shopping makes it an excellent investment to hold as a rental property, or live in as an owner-user.

Highlights

  • First Time On The Market in Over 30 Years with Upside Potential in Rents
  • Only $115,000 Per Unit and $233 Per Square Foot.
  • Three - Junior One-Bedroom/One-Bath Units and Two One-Bedroom/One-bath Units
  • Beautiful 1905 Construction with Charm and Period Detail

Research

1839-1841 Alameda Ave, Alameda, CA 94501 (Alameda County)

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