Ideally situated in Alameda’s prestigious Fernside neighborhood, the property offers residents the rare combination of walkable access downtown and the peaceful charm of a quiet, tree-lined community. Located just blocks from downtown Alameda, the property offers easy access to local landmarks such as the historic Alameda Theatre and the Alameda Museum. The property is also a five-minute drive to South Shore Center, featuring 594,000 square feet of retail, dining, and entertainment space—making it an ideal location for tenants seeking a vibrant, amenity-rich lifestyle. The neighborhood provides access to highly rated schools such as Edison Elementary (8/10), Lincoln Middle School (8/10), and Alameda High School (10/10) according to GreatSchools.org. With over 13% in rental upside, a new owner is well-positioned to unlock significant value, confident that this premier infill location is well-positioned to withstand future economic cycles. The property is about a 20-minute drive from the heart of the San Francisco Financial District and can offer significant affordability when compared to premium 1-bedroom prices in San Francisco. Comparable 2-bedroom units run $4,162 – on average, the projected 2-bedroom rents at 2618 Central Ave represent a discount of almost 40%. Per Walkscore.com, the property is “Very Walkable” & “Very Bikeable” with a walk score of 96 and a bike score of 89, meaning that tenants have simplistic access via walking or biking to an array of local services. – an invaluable amenity for any property in today’s increasingly anti-driving-oriented transit environment. Alameda boasts one of the most robust housing markets in the Bay Area, with a median home sale price of $1,105,000 as of August 2025, according to Redfin data. In the current marketplace, a tenant will receive a 58.81% discount renting a 2-bedroom 1-bathroom unit at 2618 Central Ave compared to a monthly payment (rent, insurance, taxes) for a comparable 2-bedroom 1+ bath home/condo in the area. Therefore, demand to rent will continue to rise as purchasing single-family homes becomes increasingly cost-prohibitive.