524 Buena Vista Ave - Apartments FOR SALE


Alameda, CA 94501- West Alameda
$3,198,000 USD
510-304-8077
524 Buena Vista Ave, Alameda, CA for Sale
$3,198,000 USD
Apartments - FOR SALE
1/12
null | 5.19% Cap Rate

524 Buena Vista Ave
Alameda, CA 94501
West Alameda


HIGHLIGHTS

  • Rare Renovated Multifamily Asset in West Alameda
  • Desirable Unit Mix
  • Prime Alameda Location
  • Excellent Transportation Corridors
  • Strong Employment Base

OVERVIEW

524 Buena Vista Ave presents an exceptional investment opportunity situated in the thriving city of Alameda, California. Situated on a parcel of land totaling 15,600 square feet, the subject property was originally constructed in 1962 and has a gross building area of approximately 7,592 square feet, offering its tenants 100% beautifully designed two-bedroom floor plans. Alameda is a well-located city in the East Bay and is known as "The Island." The city occupies two islands as well as a section of mainland that connects directly to Oakland. Located directly across from Oakland, Alameda provides tenants and residents with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo, as well as many others. In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 524 Buena Vista Ave is located in a desirable neighborhood and is situated within close proximity to Downtown Alameda (2.6 miles), featuring a myriad of diverse retail shops, dining, and entertainment options. In addition, the subject property offers easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185, as well as many others. The investment appeal of this asset is driven by Alameda's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 524 Buena Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$3,198,000 USD

PRICE/SF

$421 USD /SF

# OF UNITS

10

PRICE/UNIT

$319,800

CAP RATE

5.19%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,599 SF

ZONING

MF

APN/PARCEL ID

074-0436-033-00

ASK ABOUT THIS PROPERTY

Robert JohnstonLevin JohnstonMore Info
510-304-8077

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Robert JohnstonLevin JohnstonMore Info
510-304-8077

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