2100 Pacific Ave
Alameda, CA 94501
8-Unit (Triplex & 5 Cottages) · Multifamily Property For Sale
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8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.34 AC |
| Property Type | Multifamily | Building Size | 6,015 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1906/2000 |
| Building Class | C | Parking Ratio | 1.83/1,000 SF |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 6,015 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2000 |
| Parking Ratio | 1.83/1,000 SF |
Amenities
Unit Amenities
- Dishwasher
- Refrigerator
Site Amenities
- Laundry Facilities
- Storage Space
About 2100 PACIFIC AVE , ALAMEDA, CA 94501
Owner recently executed a rent increase on several units. Property consists of one Tri-Plex and adorable five cottages totaling 8 units. This property has been highly maintained and well managed giving a new owner a wonderful opportunity to acquire this "Turn Key" Alameda "little community". Financial information is based on Proforma Rents and increased expenses - current rents are WAY below market and owner enjoys very low expenses due to high quality of maintenance over their period of ownership Incredibly rare investment property in Alameda: 8 units - a Triplex building with an additional FIVE individual one bed one bath cottages on the same parcel. All cottages have been beautifully remodeled with granite countertops and updated interiors except for one cottage. Triplex units are very large and consist of: Two 1 Bed 1 Bath units, One 2 Bed 2 Bath Unit. All units well under market rents and all tenants on month to month leases. Gross Existing Income: $164,359 Current Net Income: $121,626 PROFORMA Gross Income: $216,600 Current rents are massively below market with, for example, one unit rented at over $1,100 below other model match units on site. Incredible opportunity for upside.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | 1,106 |
| 1+1 | 7 | - | 533 - 672 |
Property Taxes
| Parcel Number | 071-0233-030-00 | Improvements Assessment | $1,720,717 |
| Land Assessment | $1,093,630 | Total Assessment | $2,814,347 |
Property Taxes
