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10-Unit Multi-Family Property 2216 Santa Clara Ave 10 Unit Apartment Building $2,187,104 CAD ($218,710 CAD/Unit) Alameda, CA 94501
Investment Highlights
- 10 Units just blocks from the vibrant shops, restaurants, and culture of downtown Park Street in Alameda.
- Market rent potential estimated at $18,000–$25,000 monthly.
- Present rental income of $8,354 monthly with room for growth.
Executive Summary
The building is fully occupied by tenants, most of whom are long-term and operating on month-to-month agreements, providing flexibility for future adjustments. The owner covers water and garbage expenses, while tenants handle PG&E through separate meters, ensuring streamlined utility management. The site includes 10 dedicated parking spaces plus a two-car garage, enhancing convenience for occupants and visitors.
Property Facts Under Contract
| Price | $2,187,104 CAD | Building Class | B |
| Price Per Unit | $218,710 CAD | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 6,990 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1966 |
| Apartment Style | Low-Rise | Parking Ratio | 1.72/1,000 SF |
| Price | $2,187,104 CAD |
| Price Per Unit | $218,710 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.24 AC |
| Building Size | 6,990 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.72/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
| 1+1 | 7 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | 071-0218-029-00 | Improvements Assessment | $292,689 CAD |
| Land Assessment | $207,314 CAD | Total Assessment | $500,003 CAD |
Property Taxes
Parcel Number
071-0218-029-00
Land Assessment
$207,314 CAD
Improvements Assessment
$292,689 CAD
Total Assessment
$500,003 CAD
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10-Unit Multi-Family Property | 2216 Santa Clara Ave
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