Showing By Contact Listing Broker: Jon Holmquist
First Tour: Weds. August 28th, 2019 - 2:30 pm - 3:30 pm
Second Tour: Weds. September 4th, 2019 - 11:30 am - 12:30 pm
This offering of 1517 Broadway, in Alameda, CA is a three-unit apartment complex located within walking distance to bustling Park Street and the best that the City of Alameda has to offer. The subject property was a “Walk Score” of 93 and is within an easy stroll of stores, restaurants, and entertainment. Constructed circa 1908 of wood frame, with wood shingle siding and a pitched comp roof, the subject property is located in a premier location of primarily single family residences, with a strategic location that facilitates an easy commute to either downtown Oakland, or San Francisco. The property sits on a parcel of 0.12 acres (per county records) and consists of one two-story building. The attractive property landscaping is easy to maintain such that a new owner should have minimal ongoing maintenance. The complex unit interiors consist of an upstairs spacious 1,500 (estimated) square foot two-bedroom/one-bath unit with a balcony, one one-bedroom/one-bath unit (downstairs with access to a patio), and one studio unit (also with access to patio). The property has a private open parking to the front of the property for three cars. Each unit is configured with individually metered gas and electric, garbage is billed directly to each tenant, and there are two water meters such that the upstairs tenant pays their own water, and the downstairs tenants Units A and Unit B have water paid by the landlord. The owner has held the property for 32 years (originally acquired in 1987) and thus the property provides a new buyer with the opportunity to acquire a stable asset, with room for further improvements and upgrades. The large full floor upstairs apartment would be ideal for an investor or owner user who is looking to occupy one unit with added income from the bottom two apartments.
