1211 Paru St - Apartments FOR SALE


Alameda, CA 94501- West Alameda
$1,995,000 USD
510-255-2248
1211 Paru St, Alameda, CA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/18
null | 7.26% Cap Rate

1211 Paru St
Alameda, CA 94501
West Alameda


HIGHLIGHTS

  • Seven-Unit Building with an Excellent Mix of One-, Two-, and Three-Bedroom Units
  • (1) Large Three Bedroom / Two and a Half Bathroom Unit
  • (5) Two Bedroom / One Bathroom Units
  • (1) One Bedroom / One Bathroom Unit
  • Fully Equipped Electric Kitchens Throughout | Larger Units with Ample Closet Space
  • On-site Laundry Facility (Additional Income)

OVERVIEW

Located in Alameda’s highly desirable Bronze Coast neighborhood, 1211 Paru Street is a seven-unit multifamily property offering an excellent unit mix and strong tenant appeal. The property provides convenient access to major employment hubs via Highways 880, 580, and 24, along with ferry service to San Francisco. Nearby amenities include regional bus and multiple BART stations, plus close proximity to Alameda South Shore Shopping Center and Alameda Landing (Target). The building features a well-balanced mix of one-, two-, and three-bedroom units, including one (1) large 3-bedroom / 2.5-bath unit, five (5) 2-bedroom / 1-bath units, and one (1) 1-bedroom / 1-bath unit. The standout three-bedroom townhome-style residence includes a fireplace, two full bathrooms plus a half bath downstairs, an en-suite primary bathroom, and a balcony off the primary bedroom—ideal for an owner’s unit. Residences offer fully equipped electric kitchens, larger floor plans with ample closet space, and select downstairs units with private backyard patios. Additional features include extra-wide baseboards, spacious mirrored closets, updated bathrooms with three-piece tub enclosures, mature landscaping, an on-site laundry facility providing additional income, and a large lot with covered parking. View Disclosures and Submit Offers Here: https://app.disclosures.io/link/1211-Paru-Street-dvy9dsmt Virtual Tours: • Unit A Downstairs: https://my.matterport.com/show/?m=u2ZTB6uvTe5 • Unit A Upstairs: https://my.matterport.com/show/?m=3u2vhs2bkFH Please DO NOT disturb Tenants. Open House Schedules: • Tuesday, February 17, between 11:30 AM and 12:30 PM • Friday, February 20, between 11:30 AM and 12:30 PM • Tuesday, February 24, between 11:30 AM and 12:30 PM OFFERS DUE: Thursday, February 26th at 3:00 PM

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

7

PRICE/UNIT

$285,000

CAP RATE

7.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7.26% CAP | $285K PER UNIT | 7 UNITS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,750 SF

ZONING

R4

APN/PARCEL ID

072-0334-004-00

ASK ABOUT THIS PROPERTY

Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

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Stephen PagonesCPG | Commercial Property GroupMore Info
510-255-2248

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.