544 Central Ave | Alameda, CA 94501
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This Multifamily Property is no longer advertised on LoopNet.com.
544 Central Ave
Alameda, CA 94501
ArtHaus Central · Multifamily Property For Sale
·
72 Units

INVESTMENT HIGHLIGHTS
- Phenomenal Value Add Investment in one of the Bay Area’s most desirable submarkets
- Above Average Submarket Occupancy at 96% and projected 2023 rent growth of 4.45%
- Irreplaceable Waterfront Location
- Average in place Rent of $2,239
- First time on the Market in over 38 years
- 92% of the units have value add upside for an extra $21,000+/month
PROPERTY FACTS
| No. Units | 72 | Building Size | 66,540 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1966 |
| Building Class | C | Parking Ratio | 1.19/1,000 SF |
| Lot Size | 1.64 AC | ||
| Zoning | R-5 | ||
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.64 AC |
| Building Size | 66,540 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1966 |
| Parking Ratio | 1.19/1,000 SF |
| Zoning | R-5 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Views
- Carpet
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Grill
- Recycling
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | 600 |
| 1+1 | 35 | - | 798 |
| 2+1 | 35 | - | 900 |
| 3+1 | 1 | - | 1,100 |
LINKS
PROPERTY TAXES
| Parcel Number | 074-1305-020-01 | Improvements Assessment | $18,000,000 |
| Land Assessment | $5,000,000 | Total Assessment | $23,038,896 |
PROPERTY TAXES
Parcel Number
074-1305-020-01
Land Assessment
$5,000,000
Improvements Assessment
$18,000,000
Total Assessment
$23,038,896
Listing ID: 26368414
Date on Market: 8/9/2022
Last Updated:
Address: 544 Central Ave, Alameda, CA 94501
The West Alameda Multifamily Property at 544 Central Ave, Alameda, CA 94501 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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