Pending
1501 Encinal Ave
Alameda CA, 94501
$1,130,000
Pending
Residential
Built in 1926
Listed by Johanna Hall with BHHS Drysdale Properties 510-523-1144
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).
41057405
MLSⓇ ID
April 25, 2024
Listed
April 29, 2024
Updated
Map
1501 Encinal Ave
Alameda CA, 94501
Interior Features
Appliances
Gas Water Heater
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
See Remarks
Exterior/Building Features
Lot Size
0.11 Acres
Lot Features
Corner Lot, Street Level
Roof
Shingle
Other Property Details
Days on Market
3
Garage
No
Parking Total
3
View
No
County
Alameda
Pool
No
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
4/29/2024 | Pending | — |
Listing Contact: 510-523-1144
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/29/2024 at 10:13 PM UTC