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Listed by Jose Cerda-Zein • Cerda-Zein Real Estate
$1,600,000
Est. payment /mo
8 Beds
4 Baths
3,091 SqFt
Active
1820 3rd St Alameda, CA 94501
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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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