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Listed by Jason Pugao, DRE #01908325 • Keller Williams Tri-Valley
$ 1,499,000
Est. payment /mo
New
1718 Alameda Ave Alameda, CA 94501
4 Beds
4 Baths
4,559 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,559 sqft
Price per Sqft $328
MLS Listing ID BE41144604
Bedrooms 4
Year Built 1915
Lot Size 6,750 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Rare value-add multifamily opportunity in the heart of Central Alameda! 1718 Alameda Ave is a 6-unit property offering investors immediate upside, with three junior 1-bedroom units to be delivered vacant at close of escrow-providing a new owner the opportunity to renovate, reposition, and establish market rents from day one. The approximately 4,559 SF building sits on a spacious, flat 6,750 SF lot and features a versatile unit mix consisting of one studio, four junior 1-bedroom units, and one 2-bedroom/1-bath unit. Adding to the property's potential is a large full-size basement and generous lot with possible opportunity for future ADU development or additional improvements, subject to buyer investigation and City approval. The property is beautifully landscaped and offers multiple avenues to create additional value over time. Owner currently pays water, garbage, and the common-area house meter. Centrally located near shopping, dining, transportation, and all that Alameda has to offer. With 50% of the units delivered vacant, a substantial building footprint, large lot, flexible unit mix, and future development potential, 1718 Alameda Ave presents a compelling opportunity for an investor looking to reposition and maximize the value of a well-located Alameda multifamily asset.
Location
State CA
County Alameda
Area Alameda Map Area 2
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet - Wall to Wall
Exterior
Exterior Feature Siding - Wood
Parking Features No Parking
Building
Lot Description Grade - Level
Others
Tax ID 72-304-11
Special Listing Condition New, Not Applicable
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