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Ella(Yan) Liang

liangsv@gmail.com +1(408) 656-9816

Listed by Rachel Ivers • Compass, DRE#02106194

$1,350,000

Est. payment - /mo

5 Beds

5 Baths

3,275 SqFt

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Key Details

Property Type Commercial Multi-Residential (5 units)

Sub Type Five or More Units

Listing Status Pending

Purchase Type For Sale

Square Footage 3,275 sqft

Price per Sqft $412

MLS Listing ID ML82048186

Bedrooms 5

Full Baths 5

Year Built 1898

Lot Size 5,400 Sqft

Property Sub-Type Five or More Units

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 Alameda Map Area 2

Zoning R-4

Interior

Heating Electric, Fireplace , Gas

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Carport , Off-Site Parking

Utilities Available Other

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 071-0269-004

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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Ella(Yan) Liang

+1(408) 656-9816

Realtor License ID: 01933960

925 Chestnut ST Alameda, CA 94501

Ella(Yan) Liang

Key Details

Location

Interior

Exterior

Building

Others

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