$1,145,000
$1,130,000
1.3%For more information regarding the value of a property, please contact us for a free consultation.
1501 Encinal Ave Alameda, CA 94501
4,800 Sqft Lot
Key Details
Sold Price $1,145,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Gold Coast
MLS Listing ID 41057405
Sold Date 06/21/24
HOA Y/N No
Year Built 1926
Lot Size 4,800 Sqft
Property Description
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).
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Total Parking Spaces 3
Building
Lot Description Corner Lot, Street Level
Others
Tax ID 7233413
Financing Other
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Janis Erion • BHHS Drysdale Properties
The Wilkas Group - Lenore & Alexander Wilkas
Real Estate Advisors | License ID: 01343201 & 01355442