Thank you
Johanna Hall
BHHS Drysdale Properties
510-523-1144
1501 Encinal Avenue in Alameda is a rare opportunity for investors looking for a charming 6-unit building in a prime location. The property is centrally located on the edge of the desirable Gold Coast neighborhood close to Franklin Park, recreation, retail, easy transportation options to San Francisco, the Alameda Farmer’s Market, the famed Alameda Beach, Alameda Point attractions, and more. The building is situated in historic Morton Station amid iconic Victorians and tree-lined streets and offers 6 studio apartments providing a delightful living experience for tenants. The property also offers a 3 garage spaces and 5 storage units for additional income opportunity. In the rear of the property there is a delightful yard for barbeques, container gardening, and relaxation. There is also an opportunity to create a laundry room in a storage unit adjacent to the garage with existing hook ups. Additionally, the building offers 1 unit delivered vacant. Tenants are responsible for electricity and gas while the owner is responsible for water, sewer, and garbage. The property offers strong yearly income of approximately $106,908 (when 100% occupied and two planned rent increases are in place).
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Total Baths: 0
Roof : Shingle
Property Appliances: Gas Water Heater
None
Air Conditioning
See Remarks
Has Heating
Year Built: 1926
Construction: Stucco
Roof: Shingle
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1102
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 4800
Original List Price: 1,130,000
Listing Contract Date: 2024-04-25
Parcel Number: 7233413
Lease Term: Negotiable
Tenant Pays: Gas
Source Listing Status: Pending
Source Neighborhood:
Directions: Encinal to Benton Cross Street: Benton.
Source Property Type: Residential Income
Property Age: 98
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
2394 Mariner Square Dri.., Alameda, CA,94501 | $610,000 | 2 | 2 | 1,563 | -- |
610 Grand, Alameda, CA,94501 | $400,000 | -- | -- | -- | 10130 Sqft |
1340 Pearl St, Alameda, CA,94501 | $1,695,000 | -- | -- | -- | 5274 Sqft |
1815 Pearl St, Alameda, CA,94501 | $1,650,000 | 6 | 4 | 3,269 | 6525 Sqft |
1815 Pearl St, Alameda, CA,94501 | $1,650,000 | 7 | 5 | -- | 6525 Sqft |
1215 Eagle Ave, Alameda, CA,94501 | $1,295,000 | 5 | 2 | 1,812 | 3308 Sqft |
1215 Eagle Ave, Alameda, CA,94501 | $1,295,000 | 5 | 2 | -- | 3308 Sqft |
2060 San Antonio Ave, Alameda, CA,94501 | $3,545,000 | -- | -- | -- | 7405 Sqft |
404 Tideway Dr., Alameda, CA,94501 | $1,295,000 | 3 | 3 | 1,875 | 2080 Sqft |
1815 San Antonio Ave, Alameda, CA,94501 | $1,699,000 | -- | -- | -- | 7105 Sqft |
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ByOwner last updated this listing 05/10/2024 @ 09:10
MLS: 41057405
LISTED BY: Johanna Hall, BHHS Drysdale Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.