1629 Santa Clara Ave, Alameda, CA 94501

$1,800,000
4
BD
6,219
SqFt

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Listed by Jatin Mehta, (949) 929-9562 from Pellego
(If provided) CoList: from

Sold listing courtesy of Stephen Ung from SJGS05

Sold Price
$1,800,000
List Price
$1,800,000
Closing Date
Jul 29, 2024
MLS#
EB41042200
Status
SOLD
Sqft. of Residence
6,219
Lot Size
10,500
Listing Area
Other Area

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,886/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,886 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of 70% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers, guaranteeing a consistent pool of potential tenant

Additional Information

Acres
0.24
Age
70
Amenities
Storage Area(s)
Cooling System
Air Conditioning - None
Days On Market
Unknown
Exterior Features
Stucco
Floor Covering
Carpet - Wall to Wall, Hardwood
Garage Parking
Off-Street Parking
Heating System
Electric
Living Area
6,219
Lot Description
Regular
Lot Size
10,500
Neighborhood
Other Area
Numberof Units
5
Other Rooms
Basement - Unfinished
Sewer
Sewer - Public
Unincorporated Yn
Yes

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