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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 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 13,039 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1931 |
| Building Class | B | ||
| Zoning | R-5 | ||
| 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
| Parcel Number | 070-0171-003-00 | Improvements Assessment | $3,721,817 |
| Land Assessment | $1,531,082 | Total Assessment | $5,252,899 |
Property Taxes
Parcel Number
070-0171-003-00
Land Assessment
$1,531,082
Improvements Assessment
$3,721,817
Total Assessment
$5,252,899
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