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1964 Arnold Way - Alpine Duplex 2 Unit Apartment Building Offered at $979,000 at a 5.50% Cap Rate Alpine, CA 91901
Investment Highlights
- Strong Unit Mix
- Recent Upgrades - Remodeled Interiors, New Roof, New Windos
- 1991 Year Built
- Walking Distance to The Alpine Shopping Center
Executive Summary
1964 Arnold Way presents a rare duplex investment opportunity in the scenic community of Alpine, featuring two spacious 3-bedroom, 2-bathroom units with functional layouts and private backyards, and stackable washer/dryers in both units. The property includes a newer roof and updated windows, along with dedicated off-street parking and a modern footprint on a 6,128-square-foot parcel. Constructed in 1991, this well-maintained property offers strong tenant appeal and minimal deferred maintenance—ideal for an investor or an owner-user looking to occupy one unit and rent the other.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$72,600
|
$34.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$2,178
|
$1.02
|
| Effective Gross Income |
$70,422
|
$33.03
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$16,706
|
$7.84
|
| Net Operating Income |
$53,716
|
$25.20
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $72,600 |
| Annual Per SF | $34.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $2,178 |
| Annual Per SF | $1.02 |
| Effective Gross Income | |
|---|---|
| Annual | $70,422 |
| Annual Per SF | $33.03 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $16,706 |
| Annual Per SF | $7.84 |
| Net Operating Income | |
|---|---|
| Annual | $53,716 |
| Annual Per SF | $25.20 |
Property Facts
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Yard
- Attic
- Dining Room
- Double Pane Windows
- Handrails
- Vinyl Flooring
- Large Bedrooms
Site Amenities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,100 | 1,066 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
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1964 Arnold Way - Alpine Duplex
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