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1820 3rd St 5 Unit Apartment Building $2,067,162 CAD ($413,432 CAD/Unit) 7.99% Cap Rate Alameda, CA 94501
Investment Highlights
- Call Jose Cerda-Zein for more information
Executive Summary
A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce?a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $152,628.00. This property offers a compelling investment opportunity with strong returns. Well-located, this investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle, the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more?all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate!
Prime West End
Five-unit property
Steady rental demand
High investment returns
Excellent commuter accessibility
Prime West End
Five-unit property
Steady rental demand
High investment returns
Excellent commuter accessibility
Property Facts
| Price | $2,067,162 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $413,432 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 7.99% | Building Size | 1,664 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Zoning | R4 - High Density Residential | ||
| Price | $2,067,162 CAD |
| Price Per Unit | $413,432 CAD |
| Sale Type | Investment |
| Cap Rate | 7.99% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 1,664 SF |
| No. Stories | 1 |
| Year Built | 1895 |
| Parking Ratio | 1.81/1,000 SF |
| Zoning | R4 - High Density Residential |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | 584 - 692 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Some public transit
50/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 074-0458-012-00 | Improvements Assessment | $586,250 CAD |
| Land Assessment | $753,099 CAD | Total Assessment | $1,339,349 CAD |
Property Taxes
Parcel Number
074-0458-012-00
Land Assessment
$753,099 CAD
Improvements Assessment
$586,250 CAD
Total Assessment
$1,339,349 CAD
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1820 3rd St
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