2116 Clinton Ave in Alameda is a rare opportunity to own an eight unit multifamily property in the highly sought after area of Alameda, CA. The property has a unique unit mix of four studios and four 1bd/1bth units, all with significant rental upside. The property as an aesthetically pleasing design, mature landscaping, a private and tranquil feel, and is set back from the street. At least half of the units have been completely renovated, while others have many other upgrades. A new owner may be able to boost income from yearly rent increases, capital improvement pass throughs, or by adding onsite coin operated laundry.
People know Alameda for being an island that offers well-maintained residences, numerous amenities, and is easily accessible to San Francisco. Before the area became an island, it was connected to the Oakland Peninsula. The island took shape when shipping facilities dredged a canal through the marshland. Not only is it located on Alameda Island, Alameda also encompasses a part of Bay Farm Island. Proximity to the Bay affords residents wind surfing and kite-flying opportunities at Robert W. Crown Memorial State Beach. At the beach, you’ll also enjoy gorgeous views of the San Francisco skyline!
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