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2510 Central Ave
Alameda, CA 94501
Multifamily Property For Sale · 18 Units

INVESTMENT HIGHLIGHTS

  • Cap Rate on proven rents: 4.21%
  • $1,200,000 spent on recent property upgrades and renovations
  • Significant Capital Improvements
  • Proforma Cap Rate of 5.26%
  • Over 10% upside in Gross Potential Rents
  • Potential addition of 2 ADUs within existing building envelope

PROPERTY FACTS

No. Units 18
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.17 AC
Building Size 13,039 SF
No. Stories 3
Year Built 1931
Zoning R-5

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 3 - 438
1+1 12 - 437 - 659
2+1 2 - 606
2+2 1 - 686

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
070-0171-003-00
Land Assessment
$1,531,082
Improvements Assessment
$3,721,817
Total Assessment
$5,252,899
  • Listing ID: 23961707

  • Date on Market: 8/23/2021

  • Last Updated:

  • Address: 2510 Central Ave, Alameda, CA 94501

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