Mixed-Use Property in Alameda
1707 Lincoln Ave Alameda, CA 94501
1707 Lincoln Ave, Alameda, CA, 94501
$1,580,000
For Sale
$1,580,000
Three-unit mixed-use property in Alameda with high walkability.
Property Size4,600 SF
Price / SF$343.48
Days on Market438
Property Features for 1707 Lincoln Ave
General Information
- Standard status
- Active
- Size
- 4,600 SF
Building Details
- Year Built
- 1900
Listing Agency
GARTH REALTY
Listed by
MELYNDA YUN LI
Source
Corcoran
Added: May 10, 2025 Updated: Mar 16 at 9:09 am Checked: Mar 16 at 9:09 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GARTH REALTY
Investment Insights
Based on property information with market context.
This unique three-unit mixed-use property is located in the heart of the City of Alameda, offering excellent walkability and a vibrant atmosphere. Situated steps from Grand Street, known for its elegant architectural styles, the property is a gem positioned between a desirable residential area and a lively commercial district. The professionally managed building is fully occupied by tenants, generating a rental income of $124,285 per year until May 2025. Unit 1707 is occupied by SAGA Kitchen and spans 2,460 square feet. Unit 1707B is a residential unit featuring three bedrooms and two bathrooms, totaling 1,397 square feet. Unit 1709 is also occupied by SAGA Kitchen and measures 743 square feet. All units are in great condition, and tenants are responsible for their own utilities. The property includes ample storage areas in the attic and basement, as well as a private two-car driveway for parking. The total property size is 4,600 square feet.
Key Highlights
- High annual rental income of $124,285 until May 2025.
- Professionally managed and fully occupied 3‑unit mixed‑use property.
- Prime location in the heart of Alameda with excellent walkability.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $165.6k | $36.00 |
| − Vacancy | −$16.6k | −$3.60 |
| EGI | $149.0k | $32.40 |
| − OpEx | −$55.9k | −$12.15 |
| NOI | $93.2k | $20.25 |
4,600 SF · lease $36.00/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$20.97M
$18.35M – $24.47M
NOI $1,467,982 @ 7.0% cap · market cap 92.91%
Second Best
Multifamily LT 5
$2.21M
$1.93M – $2.57M
NOI $154,400 @ 7.0% cap · market cap 9.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Yue Club
Restaurant
Wok Chi
Restaurant
SAGA Kitchen
Restaurant
Koharu Japanese Cafe
Restaurant
Sachi Sushi
Restaurant
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FAQs
What type of property is this?
Mixed-use property - Three-unit mixed-use property in Alameda with high walkability.
Where is this mixed-use property located?
The property is located at 1707 Lincoln Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: High annual rental income of $124,285 until May 2025.; Professionally managed and fully occupied 3‑unit mixed‑use property.; Prime location in the heart of Alameda with excellent walkability.
