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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 |
Property Taxes
| Parcel Number | 074-1305-020-01 | Improvements Assessment | $11,424,000 |
| Land Assessment | $6,936,000 | Total Assessment | $18,395,360 |
Property Taxes
Parcel Number
074-1305-020-01
Land Assessment
$6,936,000
Improvements Assessment
$11,424,000
Total Assessment
$18,395,360
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