$2,324,800
954 Park St Alameda, CA 94501
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,324,800
Est. payment /mo
7,422 Sqft Lot
UPDATED:
10/17/2024 07:21 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41071227
HOA Y/N No
Year Built 1910
Lot Size 7,422 Sqft
Property Description
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.
Location
State CA
County Alameda
Zoning R-4
Interior
Heating See Remarks
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Total Parking Spaces 8
Building
Lot Description Street Level
Others
Tax ID 7018144
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Listed by Rich Krinks • BHHS Drysdale Properties
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