4-Unit Multifamily
New
For Sale
$1,400,000
1524 Encinal Ave, Alameda, CA 94501
Two separate buildings provide a four-unit residential configuration in Alameda.
Property Size3,295 SF
Days on Market4
Property Features for 1524 Encinal Ave
General Information
Standard status
Active
Size
3,295 SF
Property subtype
Quadruplex
Additional Details
Multifamily Units
4
Building Details
Building Size
3,295 SF
Year Built
1890
Buildings
2
Listing Agency:
Preferred Properties of CA
Listed By:
John Parten · License #00944544
(510) 410-6131
Source:
Coastandcore
Added: Oct 14
Changed: Oct 16
Last Checked: Oct 16 at 7:15AM
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 Preferred Properties of CA
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property contains two buildings with two units apiece, for a total of four residential units. The original building is a Victorian constructed in 1890 by A.W. Pattiani and Company. It began as a speculative home for investor Henry Mohns and was later converted to two units; a second building was added afterward to provide the other two units. The property totals 3,295 square feet and is located at 1524 Encinal Avenue in Alameda, California.
Key Highlights
- Four residential units across two buildings, with two units in each
- Original Victorian building constructed in 1890
- 3,295 square feet at 1524 Encinal Avenue in Alameda, CA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,732
Cap Rate
3.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$954,640
$954.6K
Cap Rate 7%
$681,886
$681.9K
Cap Rate 9%
$530,356
$530.4K
Market Conditions
NOI Build-Up for 3,295 SF
Gross rent
$92.1K $27.96/SF
− Vacancy
−$5.3K −$1.62/SF
EGI
$86.8K $26.34/SF
− OpEx
−$39.1K −$11.85/SF
NOI
$47.7K $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%
$954,640
Cap Rate 7%
$681,886
Cap Rate 9%
$530,356
Alternative Uses
Best Use
Apartment 5plus
$681.9K
$596.7K – $795.5K
NOI $47,732 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$15.02M
$13.14M – $17.53M
NOI $1,051,522 @ 7.0% cap · market cap 75.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
937
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate buildings provide a four-unit residential configuration in Alameda.
Where is this multifamily property located?
The property is located at 1524 Encinal Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Four residential units across two buildings, with two units in each; Original Victorian building constructed in 1890; 3,295 square feet at 1524 Encinal Avenue in Alameda, CA
