Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for value-add investors. The property features a diverse unit mix consisting of (2) studio units, (2) 1BR/1BA units, and (1) 2BR/1BA unit, allowing for immediate lease-up at market rents. The property offers a projected 6.70% cap… Read More rate upon occupancy of the vacant units. Unit E was recently renovated from a studio into a true 1BR/1BA unit. Additional income potential exists through garage and off-street parking, as well as implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring and interior paint in Units C and D, along with updates to common areas. Major electrical improvements include brand-new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed. Read Less
Courtesy of Compass, Rachel Ivers 650-576-8294
Listing Snapshot
Days Online
1
Last Updated
Property Type
Five Or More Units
Square Ft.
3,491
Lot Size
0.09 Acres
Year Built
1904
MLS Number
ML82048184
30 Days Snapshot Of 94501
$1.08M
0%
(avg) sold price
0
-100%
homes sold
12
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 3944.00, Max Area Units: Square Feet, Lot is 0.090541781450872 acres
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