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Travis Breton

travisbreton@gmail.com +1(760) 470-2752

$ 1,350,000

Est. payment | -/mo

5,401 Sqft Lot

Save

$ 1,350,000

Est. payment | -/mo

Save

5,401 Sqft Lot

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID ML82048186

HOA Y/N No

Year Built 1898

Annual Tax Amount $20,782

Lot Size 5,401 Sqft

Property Description

Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) vacant 2BR/1BA owners unit, allowing for immediate lease-up at market rents. The property offers a projected 6.91% cap rate upon occupancy of the vacant units. Additional income potential exists through garage and tandem parking, on-site storage, possible ADU conversion of storage areas, and implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring, interior paint, cabinetry, and countertops in Unit E, along with a new dishwasher in the vacant owners unit. Major electrical improvements include brand-new main panels and subpanels. Sewer lateral inspection has also been completed.

Location

State CA

County Alameda

Area 699 - Not Defined

Zoning R-4

Interior

Heating Electric, Fireplace(s)

Cooling None

Fireplace No

Exterior

Carport Spaces 2

Utilities Available Other

Roof Type Shingle

Building

Water Public

Schools

School District Alameda City Unified

Others

Tax ID 0710269004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Rachel Ivers Compass #02106194

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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925 Chestnut ST Alameda, CA 94501