6-Unit Apartment
1523-1527 Verdi Street, Alameda, CA 94501
For Sale
Contact for pricing
Two buildings include separate gas and electric meters, coin-operated laundry, and private garages for the rear units.
Property Size5,493 SF
Lot Size0.17 Acres
Price / SF$400.51
Days on Market10
Property Features for 1523-1527 Verdi Street
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Utilities to Site
Units
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Amenities
coin-operated laundry
Building Details
Buildings
Listing Agency:
The JPRE Group
Listed By:
Jason Pugao · License CA #01908325
(510) 472-6916
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 12 at 4:44AM
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 The JPRE Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit apartment property in Alameda comprises two buildings with approximately 5,493 square feet of living area on a 7,612-square-foot (0.17-acre) parcel. The detached rear structure contains two apartments, each with a private garage. Several residences have updated interiors. Property work includes a replacement concrete foundation, tankless water heater, exterior paint, refreshed storage space, new mailboxes, and a deck and roof at 1527 Verdi Street.
Located in Alameda’s West End, within the Encinal Park area, the property has separate gas and electric meters, and tenants cover their own utilities. Coin-operated laundry is on site.
Located in Alameda’s West End, within the Encinal Park area, the property has separate gas and electric meters, and tenants cover their own utilities. Coin-operated laundry is on site.
Key Highlights
- Six apartments across two structures, with approximately 5,493 square feet of living area
- 7,612‑square‑foot parcel, equal to 0.17 acre
- Two rear apartments each have a private garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,572
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,440
$1.6M
Cap Rate 7%
$1,136,743
$1.1M
Cap Rate 9%
$884,133
$884.1K
Market Conditions
NOI Build-Up for 5,493 SF
Gross rent
$153.6K $27.96/SF
− Vacancy
−$8.9K −$1.62/SF
EGI
$144.7K $26.34/SF
− OpEx
−$65.1K −$11.85/SF
NOI
$79.6K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,591,440
Cap Rate 7%
$1,136,743
Cap Rate 9%
$884,133
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.7K – $1.33M
NOI $79,572 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.63M
$2.30M – $3.07M
NOI $184,373 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,147
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Alameda, CA
Properties on Market for Apartment buildings in Alameda
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings include separate gas and electric meters, coin-operated laundry, and private garages for the rear units.
Where is this apartment building located?
The property is located at 1523-1527 Verdi Street Alameda, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Six apartments across two structures, with approximately 5,493 square feet of living area; 7,612‑square‑foot parcel, equal to 0.17 acre; Two rear apartments each have a private garage
