Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) vacant 2BR/1BA owners unit, allowing for immediate lease-up at market rents. The property offers a projected 6.91% cap rate upon occupancy of the vacant units. Additional income potential exists through garage and tandem parking, on-site storage, possible ADU conversion of storage areas, and implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring, interior paint, cabinetry, and countertops in Unit E, along with a new dishwasher in the vacant owners unit. Major electrical improvements include brand-new main panels and subpanels. Sewer lateral inspection has also been completed.
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About Central
Alameda
Central Alameda, located between Park Street and Grand Street, is a residential and waterfront Alameda neighborhood with tree-lined blocks and a classic small-town retail spine. The neighborhood’s character concentrates around the Park St & Central Ave crossroads, where independent cafes, bakeries, boutiques, and sidewalk patios set a steady, walkable rhythm. Architectural cues lean Craftsman bungalows, early-20th-century Victorians, and tidy apartment courts. Alameda Theatre & Cineplex anchors nights out with a restored Art Deco marquee. Park Street’s local institutions—Julie’s Coffee & Tea Garden and The Hobnob—double as everyday meeting points. Shoreline paths and pocket parks keep the island geography present between errands and dinner plans.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Controlled/secured access
Some units include washer and dryer
Bedrooms
One 2-bedroom unit
Four 1-bedroom units (three separate 1-bedroom units and two units counted together as two 1-bedroom units)
Bathrooms
Units include 1 and 2 full bathrooms depending on unit type
Kitchen
Appliances not specifically listed
Laundry & utility
Washer/dryer available in some units
Flooring
Carpet
Hardwood
Laminate
Tile
Heating & cooling
Electric heating
Gas heating
Fireplace
Exterior features
Shingle roof
Tenant responsibilities include trash removal and utilities (electric, gas, water)
Home design
R-4 zoning
One building
Living area approximately 3,275
Parking
2-space carport
Off-site parking available
Security
Controlled/secured access
Construction
Concrete slab foundation
Utilities
Public water
Public sewer
Primary electric meter plus separate electric and separate gas meters
Financial info
Gross scheduled rental income approximately $142,551 annually
Annual rental income listed at $142,551
Annual gross income listed at $140,553
Other income reported at $5,400
Total expenses reported at $47,516
Other expenses reported at $2,275
Utility expenses reported at $9,225
Landscape expense reported at $2,100
Gross rent multiplier 9.12
Vacancy factor 5%
Other
Property is incorporated
Electricity and solar
View estimated energy costs and solar savings for this home