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).
MLS #
BE41057405
MLS Source
Bay East
Buyer's Brokerage Compensation*
2.5
Flooring
Carpet - Wall to Wall, Hardwood, Tile, Vinyl
Cooling
None
Roof
Composition
Garage/Parking
Access - Side Yard, Detached, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Other
# Buildings | # Leased Units | # Total Units |
---|---|---|
– | – | – |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 500 | 0 | 0/0 | – | – | – |
2 | 500 | 0 | 0/0 | – | – | – |
3 | 500 | 0 | 0/0 | $1,094 | – | – |
4 | 500 | 0 | 0/0 | – | – | – |
5 | 500 | 0 | 0/0 | – | – | – |
1501 Encinal Ave is a Residential Income in Alameda, CA 94501. This 3,008 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,130,000 and was built in 1926.
This address can also be written as 1501 Encinal Ave, Alameda, CA 94501.©2024 Bay East. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay East.
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This listing information is up-to-date as of May 07, 2024. For the most current information, please contact Johanna Hall, (510) 701-9392