954 Park St

Alameda , CA 94501

MLS#: 41109306

$1,925,000

Status: Active
Listing number: 41109306
Listing provided by: BHHS Drysdale Properties
Listing agent phone: None
Last update: 18 days ago
On site: 26 days ago
Browse Properties
PARK ST DISTRICT - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1910

Sq.Footage

N/A

Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 7.41%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    See Remarks

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1704

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,925,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Alameda

Elementary School

Middle School

High School

Listing Courtesy of Rich Krinks , BHHS Drysdale Properties

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 7.41%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.

954 Park St

Message successfully sent.

What would you like to know?

Related Properties

This unique Alameda property features two residences on one lot: a preserved 1895 Victorian and a mid-century duplex. The 2400-sf Victorian home captivates with original architectural details like a hand-carved staircase, soaring ceilings, ornate moldings, and decorative fireplaces. Its interior includes a light-filled living/dining area, an updated kitchen, and a media room, while the upstairs offers four bedrooms, two bathrooms, and a porch. Recent upgrades include a newly painted exterior, updated lighting, a Tesla charger, and updated electrical. Adjacent is a separate duplex with two updated 2-bed, 1-bath units. Both feature modern kitchens, new windows, in-unit laundry, and private storage. The duplex provides a substantial rental income of $5,400 monthly. Located in vibrant, historic Alameda, the property is close to top-tier schools, diverse shops, restaurants, Crown Memorial Beach, and offers easy transit to San Francisco via bus and ferry. This exceptional offering provides a rare blend of historical charm and a lucrative income stream, making it a unique investment.
#41110920

Alameda

2120 Encinal Ave

None Beds

None Baths

N/A

$1,895,000

MLS#: 41110920

Welcome to 2008 Alameda Ave—a rare opportunity to own a well-maintained multifamily property in the heart of Alameda. This spacious 5-unit building offers approximately 4,432 square feet of living space on a generous 7,500 square foot lot. Each unit features 2 bedrooms and 1 bathroom, with dedicated garage or parking space and individual meters for gas, electricity, and water. A shared utility room includes coin-operated laundry machines, additional storage, and individual water heaters for each unit. The owner currently pays for garbage service. Recent upgrades include a new roof installed in February 2025, ensuring peace of mind for years to come. Perfectly situated just around the corner from Chestnut Market, with convenient access to top-rated schools, South Shore Center, parks, and public transportation. Please do not disturb residents.
#41105563

Alameda

2008 Alameda Ave

None Beds

None Baths

N/A

$1,750,000

MLS#: 41105563

Front building is a triplex Victorian Style consists of 1520A, an approx. 1300 sf, 3 bedrooms, 2 baths, $3800 proforma 1520B, an approx. 800 sf, 2 bedrooms, 1 bath, $2324 1520C, an approx. 800 sf, 2 bedrooms, 1 bath, $2600 proforma Rear building is a duplex Contemporary consists of 1518A, an approx. 1000 sf, 2 bedrooms, 1 bath, $2753 1518B, an approx. 1000 sf, 2 bedrooms, 1 bath, $2885 Total gross income proforma $172,344. Total gross expenses 35% proforma $60,320. Total Net Operating Income $112,000. at 6% CAP rate return LARGE LOT FOR PLENTY OF PARKING SPACES.
#41106203

Alameda

1520 Willow St

None Beds

None Baths

N/A

$1,890,000

MLS#: 41106203

537 Pacific Ave is a prime investment opportunity in the heart of West Alameda, California. This well-maintained six-unit apartment building is just one block from vibrant Webster St, a bustling commercial corridor filled with shops, dining, and entertainment. Built in 1959, the 4,522 SF building sits on a generous 7,500 SF lot between 5th and 6th Streets. The property offers an excellent unit mix-5 spacious one-bedrm, one-bathrm units and a large two-bedrm, two-bathrm unit. Each unit is individually metered for water, gas, and electricity, keeping owner expenses low. Three of the six units have been beautifully renovated with sleek, modern finishes, while the two-bedroom unit boasts the convenience of in-unit laundry. The remaining three units have received light upgrades. Residents enjoy a shared backyard, six covered carport parking spaces, an on-site coin-operated laundry facility, and six private storage closets-one for each unit. G.Income=$163k/yr. For investors, the property presents exciting potential. The laundry room, carports, storage spaces & spacious backyard may offer an opportunity for an accessory dwelling unit (ADU) conversion. With its unbeatable location, strong rental appeal, and value-add potential, property is a rare find in Alameda’s thriving rental market!
#41102076

Alameda

537 Pacific Avenue

None Beds

None Baths

N/A

$1,849,999

MLS#: 41102076

Rare Waterfront Income Property! This exceptional multi-unit building offers 4 spacious units (two 2BD/2BA, two 1BD/1BA) plus a legal 690 SqFt bay-facing ADU. Two 2BD units have balconies with stunning water views. All units feature updated interiors. Prime location, near Webster St shops, restaurants, freeway access, and top-rated schools. A prime investment opportunity in a highly desirable Alameda neighborhood.
#41097202

Alameda

512 Central Ave

None Beds

None Baths

N/A

$2,290,000

MLS#: 41097202

This unique 3-unit mixed use property is located in the heart of City of Alameda w/ an excellent walkability and exuberant vibes. Steps to Grand Street where is a showpiece of elegant architectural styles. The property is a true gem in between the choicest and prettiest residence district and the vibrant commercial district. Professionally managed/ tenant fully occupied building with a rental income at $124,285/ year until May 2025. Unit 1707: SAGA Kitchen, 2,460 sqft. Unit 1707B: Residential 3bd, 2bathrooms, 1,397 sqft. Unit 1709: SAGA Kitchen, 743 sqft. All units are in great conditions. All tenants pay their utilities. Ample storage areas in Attic and Basement. Private 2-car Driveway Parking.
#41095418

Alameda

1707 Lincoln Ave

None Beds

None Baths

N/A

$1,580,000

MLS#: 41095418

This spectacular 6-unit property is a true one of a kind. Amazing curb appeal with a beautiful Mediterranean style duplex towards the front of the lot and a 4-unit apartment building behind it. All of the units have been well taken care of and all have been updated in recent years (Unit A is the only one not updated). Great tenants in all of the units, almost all with current market rents. Plenty of parking with one designated space per unit. One unit is vacant and recently updated, so it's ready to be owner occupied or fill with the tenants of your choice. Mozart is a one block tree-lined street with lots of beautiful Victorians, an absolute prime Alameda location. Four of the units have two bedrooms and two of the units have one bedroom.
#41095476

Alameda

1512 Mozart St

None Beds

None Baths

N/A

$2,200,000

MLS#: 41095476

Rare Waterfront Income Property! This exceptional multi-unit building offers 4 spacious units (two 2BD/2BA, two 1BD/1BA) plus a legal 690 SqFt bay-facing ADU rented for $1283/mo. Two 2BD units have balconies with stunning water views. All units feature updated interiors. Prime location, near Webster St shops, restaurants, freeway access, and top-rated schools. A prime investment opportunity in a highly desirable Alameda neighborhood.
#41092687

Alameda

512 Central Ave

None Beds

None Baths

N/A

$2,290,000

MLS#: 41092687

Classic mixed use building in the heart of Alameda, centrally located in the historic Morton St station, the property consists of 3 commercial units and 5 residential apartments. The property borders the desirable Gold Coast with local shops, Franklin park and public transportation all within a short distance. Commercial tenants include The Benton, a local bar which occupies 2 spaces and Elegant Nails, residential tenants consisting of 2 studios two 1 bedroom apartments and a spacious upper 2 bedroom 1 bath.
#41056114

Alameda

1203 Benton St

None Beds

None Baths

N/A

$2,295,000

MLS#: 41056114

- property

Send a message

Message successfully sent.

Your message

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to receive some additional information on this specific property or similar properties?

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here