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895 Lafayette Street, Alameda, CA

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895 Lafayette Street

Alameda, CA 94501-4159 - Alameda MF Submarket

Property Type:Multi-Family Number of Units:6 Status:Existing Year Built:1972
Stories:2 Building Size:4,604 SF Land Area:.31 AC (13,504 SF)
For Sale Price:$2,095,000 Price/Unit:$349,166.67 Cap Rate:4.50 % GRM:-

Parking:8 Parking Spaces / 1,000 SF

Sale Notes:
On the market for the first time in 20+ years, The Pinza Group is excited to announce its newest listing in Alameda: 895 Lafayette St. The subject property has approximately 4,604 square feet. The property has a lot size of 0.31 acres.

Located blocks from the Hospital, shopping, and dining, this property sits on a private, corner lot in a tranquil setting. The property boasts four 1bd/1bth units and two 2bd/1bth units all with tremendous rental upside, magnificent views, and spacious layouts. The yard has been impeccably maintained, and there is underground garage parking, and on site, coin operated laundry.

The subject property is well located in a residential neighborhood of Alameda. Alameda is a desirable, sought after location to own, there is a strong rental market and with less restrictions than what plagues Berkeley and Oakland. The property is within walking distance to the shops and restaurants of Park Street and Central Avenue. The property is minutes from the 880 and 80 freeways, the close proximity to Oakland and San Francisco make this location great for commuters. This location is in Alameda. Nearby parks include Rittler Park, Franklin Park and Alameda Park.Nearby schools include St Joseph Notre Dame High School, St Joseph Elementary School and Donald D. Lum Elementary School. The closest grocery stores are Mariani Meats, Chestnut Encinal Market and Trader Joe's

This is a huge opportunity for an investor in Alameda to maximize rents and put their own personal touches on the building. This property will not last long given the lack of inventory and the high desire of investors to enter Alameda's rental market.

Contact Steven Pinza, Esq. for a complete marketing package

The Pinza Group
Steven Pinza
(510) 725-4775

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