500 Buena Vista AVE, Alameda, CA 94501
- $2,900,000
- 7,592
- SqFt
Listed by Adam Richardson, 510-599-4410 from Marcus & Millichap
(If provided) CoList: from
Sold listing courtesy of Je'an Eason from OBBMSRE
- Sold Price
- $2,900,000
- List Price
- $3,100,000
- Closing Date
- May 20, 2026
- MLS#
- ML82036853
- Status
- SOLD
- Sqft. of Residence
- 7,592
- Lot Size
- 15,600
- Listing Area
- Alameda Map Area 4
- Year Built
- 1962
Property Description
The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation.
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Additional Information
- Building Name
- 500 Buena Vista
- Cooling System
- None
- Days On Market
- Unknown
- Foundation
- Concrete Slab
- Garage Parking
- Assigned Spaces
- Heating System
- Wall Furnace
- Living Area
- 7,592
- Lot Size
- 15,600
- Neighborhood
- Alameda Map Area 4
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Tar and Gravel
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- R-4-PD
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