739 Santa Clara Ave - Apartments FOR SALE


Alameda, CA 94501- West Alameda
$3,150,000 USD
415-625-2111
739 Santa Clara Ave, Alameda, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/31
null | 4.85% Cap Rate

739 Santa Clara Ave
Alameda, CA 94501
West Alameda


HIGHLIGHTS

  • Well maintained 10 units + Parking and Storage
  • Incredible location – walk to downtown Alameda
  • Onsite Laundry for tenants
  • Lovely units with period details and hardwood floors

OVERVIEW

The Baglieri Team at Marcus & Millichap is pleased to offer this fantastic investment property for sale at 739 Santa Clara Avenue in Alameda, CA. The offering consists of a 3-story, 10-unit apartment building totaling approximately 8,804 square feet. The property has a 9,570 square foot lot and includes 10 parking spots behind the building as well as a large storage room (possible ADU) which could be rented for additional income. The building was constructed in 1905 and many of the units have had significant upgrading as the units turned. The property is in good condition with many of the units updated. The units feature hardwood floors, period detailing, bay windows and beautiful moldings. Heating is through gas wall heaters. Tenants have access to an onsite laundry room. Located just off Webster Street and downtown Alameda, making this a prime rental location.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

10

PRICE/UNIT

$315,000

CAP RATE

4.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

R40, County

APN/PARCEL ID

073-0420-016-00

ASK ABOUT THIS PROPERTY

Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

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Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

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