Pending
1501 Encinal Ave
Alameda CA, 94501
$1,130,000
$375.66 per sqft
Pending
3,008 sqft
Commercial
Built in 1926
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).
41057405
MLSⓇ ID
April 25, 2024
Listed
April 29, 2024
Updated
Map
1501 Encinal Ave
Alameda CA, 94501
Interior Features
Interior Features
Storage
Appliances
Free-Standing Range, Refrigerator, Gas Water Heater
Laundry Description
In Garage, Washer/Dryer Hookups
Floor Description
Hardwood, Tile, Vinyl, Carpet
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.11 Acres
Exterior Features
Garden
Lot Features
Corner Lot, Level, Regular, Back Yard, Front Yard, Garden, Landscape Misc, See Remarks
Roof
Composition Shingles
Sewer
Public Sewer
Other Property Details
Area Name
Alameda
Garage
Yes
Parking
Detached, Garage, Side Yard Access, Garage Faces Side, On Street, See Remarks
View
No
County
Alameda
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
4/29/2024 | Pending | — |
Listed by Johanna Hall with BHHS Drysdale Properties
Listing Contact: 510-701-9392
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