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1833 Clinton Avenue 1833 Clinton Ave 5 Unit Apartment Building $2,000,000 ($400,000/Unit) 4.34% Cap Rate Alameda, CA 94501
Investment Highlights
- Award Winning Single Family Home + 4-Unit Apartment Building
- Excellent Alameda Location
Executive Summary
Marcus & Millichap is pleased to present 1833 Clinton Avenue, located in Alameda's historic Leonardville district. Built in 1891 by renowned builder Joseph A. Leonard, this Queen Anne Victorian exemplifies the craftsmanship and architectural charm that define the neighborhood. The residence has 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 property. His work included carefully removing the original stucco by hand and full foundation replacement, returning the home to its original Victorian character. His exceptional craftsmanship and dedication were recognized with Alameda Architectural Preservation Society (AAPS) Preservation Awards in 2011 and 2015.
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.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.
Beginning in 2009, longtime preservationist and former president of the Alameda Victorian Preservation Society, Jim Smallman, undertook an extensive restoration of the property. His work included carefully removing the original stucco by hand and full foundation replacement, returning the home to its original Victorian character. His exceptional craftsmanship and dedication were recognized with Alameda Architectural Preservation Society (AAPS) Preservation Awards in 2011 and 2015.
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.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 | $2,000,000 | Property Subtype | Apartment |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 4.34% | Building Size | 9,130 SF |
| Gross Rent Multiplier | 13.47 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1890 |
| Zoning | R-4 | ||
| Price | $2,000,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 4.34% |
| Gross Rent Multiplier | 13.47 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,130 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1890 |
| Zoning | R-4 |
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Moderately walkable
60/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $129,572 | |
| Land Assessment | $261,763 | Total Assessment | $405,549 |
Property Taxes
Parcel Numbers
Land Assessment
$261,763
Improvements Assessment
$129,572
Total Assessment
$405,549
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