2608 Central Ave - Multi-Family FOR SALE


Alameda, CA 94501- Downtown Alameda
$1,495,000 USD
510-255-2248
2608 Central Ave, Alameda, CA for Sale
$1,495,000 USD
Multi-Family - FOR SALE
1/3
null | 5.68% Cap Rate

2608 Central Ave
Alameda, CA 94501
Downtown Alameda


HIGHLIGHTS

  • East Alameda Garden-Style Apartment Building with Five Units
  • (2) Large Two-Bedroom / Two-Bathroom Units | (3) Two-Bedroom / One-Bathroom Units
  • Spacious Units with Wall-to-Wall Carpeting and Mirrored Closets
  • On-Site Coin-Operated Laundry (Additional Income) | Kitchens Equipped with Dishwasher, Electric Stove, and Refrigerator
  • Separately Metered for Electricity, Reducing Owner Operating Expenses
  • Eight (8) Off-Street Parking Spaces | Two (2) Garages

OVERVIEW

2608 Central Ave is an East Alameda, garden-style multifamily property comprised of five (5) units with an exceptional unit mix of two (2) large 2-bedroom / 2-bathroom units and three (3) 2-bedroom / 1-bathroom units. Units feature spacious layouts with wall-to-wall carpeting and mirrored closets, along with kitchens equipped with dishwashers, electric stoves, and refrigerators. The property is separately metered for electricity, helping reduce owner operating expenses, and offers strong onsite amenities including eight (8) off-street parking spaces, two (2) garages, private tenant storage lockers, and a coin-operated laundry facility providing additional income. Ideally located off Broadway near the Park Street shopping district, the property is within walking distance to downtown Alameda retail, cafes, restaurants, and a movie theater. Residents also enjoy close proximity to parks, South Shore Shopping Center, and Alameda Beach, as well as favorable public schools. Commuter access is excellent with nearby Highways 880, 580, and 24, public ferry service to San Francisco, regional bus lines, and multiple BART stations. The neighborhood’s strong walkability is reflected by a Walk Score of 97 and Bike Score of 88. View Disclosures and Submit Offers Here: https://app.disclosures.io/link/2608-Central-Avenue-x9yg9904 Please DO NOT disturb Tenants. Open House Schedules: • Tuesday, February 17, between 11:30 AM and 12:30 PM • Friday, February 20, between 10:30 AM and 11:30 AM • Tuesday, February 24, between 10:30 AM and 11:30 AM OFFERS DUE: Thursday, February 26th at 3:00 PM

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

5

PRICE/UNIT

$299,000

CAP RATE

5.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Just Listed | Alameda | 5 Units | Two Bedroom

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,250 SF

ZONING

-

APN/PARCEL ID

070-0152-002-00

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.