1813-1817 Everett St 3 Unit Apartment Building $1,723,133 CAD ($574,378 CAD/Unit) 6.02% Cap Rate Alameda, CA 94501

- First Time on Market in ~30 Years: Rare opportunity to acquire a long-term, pride-of-ownership triplex in a highly desirable Alameda location just off Park Street
- Strong In-Place Cash Flow: Fully occupied property generating over $9,000 per month with stable tenancy
- Desirable Unit Mix: Two spacious 3-bedroom units and one 2+ bedroom, 3-bath multi-level unit appealing to a wide tenant base
- Large Unit Sizes: Well-designed layouts averaging approximately 1,000 square feet, supporting long-term tenant retention
- Separately Metered Utilities: Tenants pay their own utilities, reducing operating expenses and simplifying management
- Recent Capital Improvements: Approximately $35,000 invested into Unit 1815 with new flooring, cabinetry, countertops, and appliances
- Private Outdoor Spaces: Each unit enjoys its own dedicated backyard or garden area, including an exceptionally deep yard for Unit 1817
- On-Site Parking: Off-street parking for four vehicles, a valuable amenity in this supply-constrained market
- Functional Amenities: Shared laundry room plus in-unit laundry for one unit, enhancing tenant convenience
- Professionally Managed Asset: Consistent upkeep and operational stability backed by long-term ownership since 1997
- Prime Alameda Location: Just steps from Park Street retail, dining, and amenities with convenient commuter access via the Park Street Bridge
First time on the market in nearly 30 years, 1813–1817 Everett Street presents a rare opportunity to acquire a well-located, fully occupied triplex just one block off Park Street in Alameda. The property consists of three spacious units averaging approximately 1,000 square feet each, including two 3-bedroom units and one 2+ bedroom, 3-bath multi-level unit with additional attic rooms currently used as bedrooms. All units are separately metered, with tenants paying their own utilities, providing operational efficiency and reduced expense burden.
The asset is currently 100% occupied and generates over $9,000 per month in gross income. The unit mix includes a 3BD/1.5BA (~1,100 SF), a 3BD/2BA (~1,000 SF), and a 2+BD/3BA (~900 SF, three-level unit). Approximately $35,000 has recently been invested into Unit 1815, including new flooring, cabinetry, countertops, and appliances, enhancing the overall condition of the property while maintaining strong in-place income.
Additional features include off-street parking for four vehicles and private backyard or garden space for each unit—an uncommon amenity in Alameda. Notably, Unit 1817 benefits from an exceptionally large, deep backyard. The property also includes a shared laundry room, with one unit having its own in-unit setup. Owned since 1997 and professionally managed, the asset reflects long-term pride of ownership and is ideally positioned near Alameda’s primary retail and dining corridor, with convenient commuter access via the nearby Park Street Bridge.