1820 3rd St

Alameda , CA 94501

MLS#: 41117968

$1,600,000

Status: Active
Listing number: 41117968
Listing provided by: Cerda-Zein Real Estate
Listing agent phone: None
Last update: 22 days ago
On site: a month ago
Browse Properties
WEST END - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1895

Sq.Footage

N/A

7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate! Views: Downtown

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Wall Furnace

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Wood Siding

  • Pool

    No

  • View

    Hills

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.2023

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,600,000

  • 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

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Location

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Alameda

Elementary School

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Listing Courtesy of Jose Cerda-Zein , Cerda-Zein Real Estate

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Lina@theosrealty.com


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7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate! Views: Downtown

1820 3rd St

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