867 Walnut St - Apartments FOR SALE


Alameda, CA 94501- South Shore
$3,250,000 USD
510-433-5816
867 Walnut St, Alameda, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/6
null | 6.92% Cap Rate

867 Walnut St
Alameda, CA 94501
South Shore


HIGHLIGHTS

  • Over 15% in Potential Rental Upside
  • Professionally Managed
  • Unit Mix Largely Comprised of 2-Bedroom Units
  • Desirable In-Place Cash Flow
  • Premier Location in the Heart of Alameda
  • Private Balconies in All Units

OVERVIEW

The Bay Area Multifamily Team of Colliers International is pleased to present 863-867 Walnut Street; a 13-unit apartment community in Alameda, CA. The property is located directly on the waterfront, offering tenants serene views, and is just half a mile from the vibrant Park Street corridor, where residents enjoy easy access to a wide variety of groceries, dining, and retail. The subject property, built in 1965, features (13) residential units – (1) 1-Bedroom / 1-Bath unit, (10) 2-Bedroom / 1-Bath units, (1) 2-Bedroom / 2-Bath unit, and (1) 3-Bedroom / 2-Bath unit. The residents of 863-867 Walnut Street benefit from being located minutes from downtown Alameda, a hub of small businesses and community activities with over 200 retail and dining options including Trader Joe’s, Julie’s Coffee & Tea Garden, Burma Superstar, Alameda Island Brewing Company, and more. The property has tuck-under parking, on-site laundry, and private decks or balconies for residents to enjoy the picturesque lagoon view. The property provides seamless access throughout the Bay Area via Highway 880 and the Fruitvale BART Station, making it an ideal choice for both commuters and local working residents.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$277 USD /SF

# OF UNITS

13

PRICE/UNIT

$250,000

CAP RATE

6.92%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

863-867 Walnut St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R-4 Neighborhood Resident

APN/PARCEL ID

074-1230-034-05

ASK ABOUT THIS PROPERTY

Ryan RodriguezColliersMore Info
510-433-5816

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Ryan RodriguezColliersMore Info
510-433-5816

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