1501 Encinal Ave, Alameda, CA 94501
- $1,145,000
Listed by Johanna Hall, (510) 701-9392 from BHHS Drysdale Properties
(If provided) CoList: from
Sold listing courtesy of Janis Erion from SHBR01
- Sold Price
- $1,145,000
- List Price
- $1,130,000
- Closing Date
- Jun 21, 2024
- MLS#
- BE41057405
- Status
- SOLD
- Lot Size
- 4,800
- Listing Area
- Alameda Map Area 3
- Year Built
- 1926
Property Description
1501 Encinal Avenue in Alameda is a rare opportunity for investors looking for a charming 6-unit building in a prime location. The property is centrally located on the edge of the desirable Gold Coast neighborhood close to Franklin Park, recreation, retail, easy transportation options to San Francisco, the Alameda Farmer's Market, the famed Alameda Beach, Alameda Point attractions, and more. The building is situated in historic Morton Station amid iconic Victorians and tree-lined streets and offers 6 studio apartments providing a delightful living experience for tenants. The property also offers a 3 garage spaces and 5 storage units for additional income opportunity. In the rear of the property there is a delightful yard for barbeques, container gardening, and relaxation. There is also an opportunity to create a laundry room in a storage unit adjacent to the garage with existing hook ups. Additionally, the building offers 1 unit delivered vacant. Tenants are responsible for electricity and gas while the owner is responsible for water, sewer, and garbage. The property offers strong yearly income of approximately $106,908 (when 100% occupied and two planned rent increases are in place).
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Additional Information
- Acres
- 0.11
- Age
- 98
- Amenities
- Storage Area(s), Balcony/Patio, Other
- Cooling System
- None
- Days On Market
- Unknown
- Exterior Features
- Stucco
- Floor Covering
- Tile, Vinyl, Carpet - Wall to Wall, Hardwood
- Garage Parking
- Detached Garage, Access - Side Yard
- Laundry Facilities
- In Garage, Hookup - Washer/Dryer
- Lot Description
- Grade - Level, Regular
- Lot Size
- 4,800
- Neighborhood
- Alameda Map Area 3
- Numberof Units
- 6
- Roof
- Composition
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
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