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$ 3,100,000
Est. payment | /mo
2 Beds
1 Bath
7,592 SqFt
$ 3,100,000
Est. payment | /mo
2 Beds
1 Bath
7,592 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,592 sqft
Price per Sqft $408
Lot Size 0.358 Acres
MLS Listing ID ML82036853
Bedrooms 2
Full Baths 1
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.
Location
State CA
County Alameda
Area Alameda Map Area 4
Building/Comlex Name 500 Buena Vista
Zoning R-4-PD
Interior
Heating Wall Furnace
Cooling None
1-purchase type For Sale
Exterior
Garage Assigned Spaces
Community Features None
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Tar and Gravel
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Water On Site
Others
Restrictions None
Tax ID 074-0436-030
Security Features None
Special Sale Not Applicable
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Listed by Adam Richardson of Marcus & Millichap
Bought with Adam Richardson of Marcus & Millichap
Bought with Adam Richardson of Marcus & Millichap
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