Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2118 Alameda Ave Alameda, CA 94501

    Sponsored
    For Sale
    $1,795,000

    MULTI_FAMILY - Alameda, CA

    Property size:
    4,384 SF
    Lot size:
    0.17 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 13 at 2:06 pm

    Property Features for 2118 Alameda Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Bathroom 4, Bedroom 2, Bedroom 11, Bathroom 7, Bedroom 8, Bedroom 5, Bathroom 3, Bathroom 10, Bathroom 5, Bedroom 3, Bathroom 1, Bedroom 7, Bathroom 11, Bathroom 8, Bedroom 4, Bedroom 10, Bedroom 6, Bathroom 9, Laundry Room, Bedroom 1, Bedroom 9, Bathroom 2, Bathroom 6
    Bedrooms
    11
    APN
    7123731
    Parking features
    Off Street, Parking Lot, Assigned
    Interior features
    Storage Area(s)
    Exterior features
    Side Yard, Storage, Garden
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Dryer, Washer, Gas Water Heater
    Size
    4,384 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Wall Furnace

    Building Details

    Year built
    1966
    Number of units
    4
    Flooring type
    Laminate, Vinyl
    Building materials
    Stucco
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    David Gunderman

    TCGOB, Inc (510) 775-1079

    Listing agent David Gunderman (510) 775-1079

    Listing date Feb 12, 2026

    MLS# 41123089 Listing URL

    Copyright © 2026 Bay East. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Alameda Fourplex with Mid-Century Charm

    This spacious fourplex, located in the heart of Alameda's Bronze Coast, presents an opportunity for both owner-occupants and investors. The Mid-Century property features a total of 4384 square feet, with apartments comparable in size to many single-family homes. The vacant owner's unit, a south-facing 3-bedroom, 1.5-bathroom apartment on the second floor, includes a fireplace and a long balcony accessible through two sets of sliding glass doors. The open floorplan allows sunlight to stream into the sleeping wing, which offers storage and large bedrooms, including a primary bedroom with an ensuite half bath. The three occupied units consist of two 3-bedroom, 1.5-bathroom units and one 2-bedroom, 1.5-bathroom unit. Some units have a fireplace, and each features an outdoor space with large patios or terraces. The well-maintained property, with a newer roof installed in 2024, includes a laundry room, two 2-car garages, and individual off-street parking. The property is situated on a lot of 0.1691 acres. Commuting is facilitated by the Transbay bus, located two blocks away, and a short drive to the ferry or BART. Nearby amenities include top-rated public and private schools, Park Street's cafes and shopping, the South Shore Shopping Center, and Alameda's beaches with shoreline trails.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.250053
    Latitude
    37.765881

    Nearby Similar for Sale

    • New
      $1,375,000
      2,238 SF

      Two Homes on One Lot

      Two homes on one lot in Alameda, CA.
      976 Park St, Alameda, CA 94501
      View Details
    • New
      $1,438,000
      2,923 SF

      Alameda Retail Investment Opportunity

      Leased USPS office in downtown Alameda with income.
      1415 Webster St, Alameda, CA 94501
      View Details
    • New
      $1,500,000
      Pending

      Alameda Victorian with ADU

      1898 Victorian with income-generating ADU in prime Alameda location.
      911 Taylor Ave, Alameda, CA 94501
      View Details
    • Contact for pricing

      Alameda Waterfront Marina & Boatyard

      Waterfront marina and boatyard with development potential in Alameda, CA.
      Alameda, CA 94501
      View Details
    • $2,495,000
      5,493 SF

      Turn-Key Multifamily Property with ADU

      Multifamily property with income, upside, and convenient location.
      Verdi St, Alameda, CA 94501
      View Details
    • $1,500,000

      Mixed-Use Property in Alameda Shopping District

      Mixed-use property with retail and residential units in Alameda, CA.
      1249-1251 Park St, Alameda, CA 94501
      View Details
    • $1,925,000
      4,104 SF

      Alameda Sixplex with ADU Potential

      Sixplex investment property with ADU potential in Alameda, California.
      954 Park St, Alameda, CA 94501
      View Details
    • Contact for pricing
      4,600 SF

      Mixed-Use Property in Alameda Heart

      Three-unit mixed-use property in Alameda with high walkability.
      1707 Lincoln Ave, Alameda, CA 94501
      View Details
    • $3,588,000
      4,990 SF

      Reimagined Victorian Apartment Complex

      Turnkey apartment complex near downtown Alameda's shops and restaurants.
      San Antonio Ave, Alameda, CA 94501
      View Details
    • $1,995,000

      Alameda Multi-Unit Investment Opportunity

      Five-unit property with garages on a 10,000 sq ft lot.
      1606 Morton St, Alameda, CA 94501
      View Details
    • $998,000

      Central Alameda Triplex with ADU

      Charming triplex with a recently built ADU in Alameda.
      840 Oak St, Alameda, CA 94501
      View Details
    • $2,295,000

      Alameda Mixed-Use Building For Sale

      Mixed-use building with commercial and residential units in Alameda.
      1203 Benton St, Alameda, CA 94501
      View Details

    FAQs

    What type of property is this?
    Specialty property - Spacious 11BD/5.5BA fourplex in Alameda's Bronze Coast.
    Where is this specialty property located?
    The property is located at 2118 Alameda Ave Alameda, CA.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: - Vacant, spacious 3BD/1.5BA owner's unit with fireplace and balcony for indoor/outdoor living.; - Fourplex with large apartments (4384 sq ft total) suitable for owner-occupant or investor.; - Newer roof (2024) and well-maintained property.
    (510) 205-4369
    Request Owner's contact information
    2118 Alameda Ave Alameda, CA 94501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2118 Alameda Ave
    Alameda, CA 94501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2118 Alameda Ave Alameda, CA 94501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    David Gunderman
    Real Estate License ID: 01313613
    (510) 205-4369 (510) 775-1079
    Learn more
    Google sign-in failed. Please try again or use another login method.