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Listed by Keller Williams Tri-Valley
$ 1,499,000
Est. payment | /mo
4,559 SqFt
$ 1,499,000
Est. payment | /mo
4,559 SqFt
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,559 sqft
Price per Sqft $328
Subdivision Alameda
MLS Listing ID 41144604
HOA Y/N No
Year Built 1915
Lot Size 6,750 Sqft
Property Sub-Type 5 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
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet
Fireplace No
Building
Lot Description Level
Water Public