1820 3Rd StAlameda, CA 94501

This exceptional investment opportunity presents a five-unit multifamily property located at 1820 3rd Street, Alameda, CA 94501. The property consists of two buildings on a single lot in Alameda's desirable West End, comprising five two-bedroom, one-bathroom units. Projected gross annual income is $161,431.68, yielding a 7.48% capitalization rate and a 9.91 gross rent multiplier. Individual unit rental projections are: 1816 ($2,637.00), 1818 ($3,000.00 projected), 1820 ($2,965.64), 306 ($2,350.00), and 308 ($2,500.00 projected). The property benefits from its prime location, offering convenient access to Crown Memorial State Beach, Webster Street's dining and nightlife, Alameda Point's breweries and wineries, and South Shore Center. Excellent commuter access is provided via public transportation, including the SF Bay Ferry and multiple bus lines, as well as easy access to Highway 880. This well-maintained property offers steady rental demand and strong investment returns, making it a rare and compelling opportunity in the Alameda real estate market. The asking price for this lucrative investment is $1,600,000.