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Danyelle Brothers

danyelle@danyellebrothers.com +1(408) 891-9205

Listed by Jose Cerda-Zein • Cerda-Zein Real Estate

$ 1,600,000

Est. payment -/mo

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1820 3rd St Alameda, CA 94501

8 Beds

4 Baths

3,091 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,091 sqft

Price per Sqft $517

MLS Listing ID BE41084533

Bedrooms 8

Originating Board Bay East

Year Built 1895

Lot Size 8,813 Sqft

Property Sub-Type Five or More Units

Property Description

7.48% Cap Rate in Alameda's West End - A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce-a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle-the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more-all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate!

Location

State CA

County Alameda

Area Other Area

Interior

Heating Wall Furnace

Cooling None

Flooring Other, Vinyl, Carpet - Wall to Wall

Laundry In Basement, Washer, Dryer

Exterior

Exterior Feature Siding - Wood

Parking Features Off-Site Parking

Garage Spaces 6.0

View Hills, Downtown

Roof Type 30

Building

Lot Description Other

Sewer Sewer - Public

Water Public

Others

Tax ID 74-458-12

Special Listing Condition Not Applicable

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Danyelle Brothers

Agent | License ID: 02024205

+1(408) 891-9205

Danyelle Brothers

1820 3rd St Alameda, CA 94501

Key Details

Location

Interior

Exterior

Building

Others

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1820 3rd St