1523-1527 Verdi St - Apartments FOR SALE


Alameda, CA 94501- West Alameda
$2,995,000 USD
510-472-6916
1523-1527 Verdi St, Alameda, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

1523-1527 Verdi St
Alameda, CA 94501
West Alameda


OVERVIEW

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1525 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner’s unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property’s long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$566 USD /SF

# OF UNITS

6

PRICE/UNIT

$499,167

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,610 SF

ZONING

-

APN/PARCEL ID

073-0389-012-00

ASK ABOUT THIS PROPERTY

Jason PugaoKeller Williams -The JPRE GroupMore Info
510-472-6916

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Jason PugaoKeller Williams -The JPRE GroupMore Info
510-472-6916

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