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524 Buena Vista Ave
Alameda, CA 94501
Multifamily Property For Sale
·
10 Units


Investment Highlights
- Rare Renovated Multifamily Asset in West Alameda
- Prime Alameda Location
- Strong Employment Base
- Desirable Unit Mix
- Excellent Transportation Corridors
Executive Summary
524 Buena Vista Ave presents an exceptional investment opportunity situated in the thriving city of Alameda, California. Situated on a parcel of land totaling 15,600 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 7,592 square feet, offering its tenants 100% beautifully designed two-bedroom floor plans. Alameda is a well-located city in the East Bay and is known as "The Island." The city occupies two islands as well as a section of mainland that connects directly to Oakland. Located directly across from Oakland, Alameda provides tenants and residents with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, as well as many others. In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 524 Buena Vista Ave is located in a desirable neighborhood and is situated within close proximity to Downtown Alameda (2.6 miles), featuring a myriad of diverse retail shops, dining, and entertainment options. In addition, the subject property offers easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185, as well as many others. The investment appeal of this asset is driven by Alameda's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 524 Buena Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.
Property Facts
| Price Per Unit | $319,800 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.19% | Lot Size | 0.36 AC |
| Gross Rent Multiplier | 12.33 | Building Size | 7,592 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 1.71/1,000 SF |
| Zoning | MF - Multi-Family | ||
| Price Per Unit | $319,800 |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 12.33 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 7,592 SF |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 1.71/1,000 SF |
| Zoning | MF - Multi-Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 10 | - | 760 |
Property Taxes
| Parcel Number | 074-0436-033-00 | Improvements Assessment | $2,007,904 |
| Land Assessment | $1,312,356 | Total Assessment | $3,320,260 |
Property Taxes
Parcel Number
074-0436-033-00
Land Assessment
$1,312,356
Improvements Assessment
$2,007,904
Total Assessment
$3,320,260
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