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1820 3rd St
Alameda, CA 94501
Multifamily Property For Sale
·
5 Units
Executive Summary
A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate!
Property Facts
| Price Per Unit | $320,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.48% | Building Size | 1,664 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R4 | ||
| Price Per Unit | $320,000 |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,664 SF |
| No. Stories | 1 |
| Year Built | 1895 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R4 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 584 - 692 |
Property Taxes
| Parcel Number | 074-0458-012-00 | Improvements Assessment | $412,731 |
| Land Assessment | $530,197 | Total Assessment | $942,928 |
Property Taxes
Parcel Number
074-0458-012-00
Land Assessment
$530,197
Improvements Assessment
$412,731
Total Assessment
$942,928
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