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1833 Clinton Ave - 1833 & 1837 Clinton Avenue 6 Unit Apartment Building Offered at $3,500,000 at a 3.56% Cap Rate Alameda, CA 94501
Investment Highlights
- Award Winning Single Family Homes + 4-Unit Apartment Building
- Can be Sold Separately or Together
- Excellent Alameda Location
Executive Summary
Marcus & Millichap is pleased to present 1833 & 1837 Clinton Avenue, located in Alameda’s historic Leonardville district. Built in 1891 by renowned builder Joseph A. Leonard, these “fraternal twin” Queen Anne Victorians exemplify the craftsmanship and architectural charm that define the neighborhood. Both residences have been thoughtfully preserved and restored, retaining original architectural details like woodwork, coffered ceilings, art glass windows, and finely crafted trim. Beginning in 2009, longtime preservationist and former president of the Alameda Victorian Preservation Society, Jim Smallman, undertook an extensive restoration of the properties. His work included carefully removing the original stucco by hand and full foundation replacement, returning both homes to their original Victorian character. His exceptional craftsmanship and dedication were recognized with Alameda Architectural Preservation Society (AAPS) Preservation Awards in 2011 and 2015. Today, 1833 and 1837 Clinton Avenue stand as exceptional examples of Alameda’s Victorian heritage. They are among the few remaining mansion-scale residences built by Joseph A. Leonard that continue to function as single-family homes, with interiors that remain largely intact with their original design.
The offering also includes a 1960s fourplex located at the rear of 1833 Clinton Avenue. The fourplex features all two-bedroom, one bathroom units, each with off-street parking, providing additional income potential.
This is 2 adjacent parcels that can be sold separately or together. Reach out to Listing Agents for Offering Memorandum.
The offering also includes a 1960s fourplex located at the rear of 1833 Clinton Avenue. The fourplex features all two-bedroom, one bathroom units, each with off-street parking, providing additional income potential.
This is 2 adjacent parcels that can be sold separately or together. Reach out to Listing Agents for Offering Memorandum.
Property Facts
| Price | $3,500,000 | Property Type | Multifamily |
| Price Per Unit | $583,333 | Building Size | 9,130 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.56% | No. Stories | 3 |
| Gross Rent Multiplier | 16.32 | Year Built | 1890 |
| No. Units | 6 |
| Price | $3,500,000 |
| Price Per Unit | $583,333 |
| Sale Type | Investment |
| Cap Rate | 3.56% |
| Gross Rent Multiplier | 16.32 |
| No. Units | 6 |
| Property Type | Multifamily |
| Building Size | 9,130 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
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1833 Clinton Ave - 1833 & 1837 Clinton Avenue
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