6-Unit Apartment
New
For Sale
$2,200,000
1523 Verdi Street, Alameda, CA 94501
Commercial Sale, Alameda, CA
Property Size5,493 SF
Lot Size0.17 Acres
Price / SF$400.51
Days on Market2
Property Features for 1523 Verdi Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, On Street, Assigned
Subdivision
Alameda
Lot features
Level, Rectangular Lot, Front Yard, Garden, Landscaped
Directions
Webster St - Lincoln Ave - Verdi St...
Standard status
Active
APN
7338912
Size
5,493 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity, gas
Utilities
Heating system
Zoned
Water source
Public
Amenities
coin-operated laundry
Building Details
Year built
1890
Number of units
6
Flooring type
Tile, Carpet, Vinyl, Hardwood
Building materials
Vinyl Siding, Wood Siding
Roof type
Composition
Buildings
2
Listing Agency:
Keller Williams Tri-Valley · Keller Williams Realty
(925) 397-4200
Listed By:
Jason Pugao · License #01908325
(510) 472-6916
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 4:06AM
MLS# 41153164
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.
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Investment Insights
Based on property information with market context.
This six-unit Alameda property contains 5,493 square feet across two structures on 0.1747 acres. The detached rear building houses two apartments, each with a private garage. Property improvements include a replacement concrete foundation, tankless water heater, exterior paint, refreshed storage space, new mailboxes, and a deck and roof at 1527 Verdi Street. Several apartment interiors have been renovated. Separate gas and electric meters allow tenants to pay their own utility costs, and coin-operated laundry is on site.
Webster Street shops and restaurants are within walking distance, and Maya Lin Elementary is approximately 0.2 miles away. Access options include the Posey and Webster Tubes toward Oakland, I-880, Alameda ferry service to San Francisco, and AC Transit buses. College of Alameda and the Alameda Point redevelopment are also nearby.
Webster Street shops and restaurants are within walking distance, and Maya Lin Elementary is approximately 0.2 miles away. Access options include the Posey and Webster Tubes toward Oakland, I-880, Alameda ferry service to San Francisco, and AC Transit buses. College of Alameda and the Alameda Point redevelopment are also nearby.
Key Highlights
- Six apartments across two structures, totaling 5,493 square feet
- 0.1747‑acre lot
- Two units in the detached rear building, each with 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
Retail
$25.04M
$21.91M – $29.22M
NOI $1,752,962 @ 7.0% cap · market cap 79.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two structures include a detached rear building, private garages, and coin-operated laundry.
Where is this apartment building located?
The property is located at 1523 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, totaling 5,493 square feet; 0.1747‑acre lot; Two units in the detached rear building, each with a private garage
