Six-Unit Apartment
New
For Sale
$1,650,000
1526 Verdi St, Alameda, CA 94501
Six occupied residences comprise a mix of two- and three-bedroom layouts.
Property Size6,817 SF
Days on Market4
Property Features for 1526 Verdi St
General Information
Standard status
Active
Size
6,817 SF
Property subtype
5 or More Units
Units
Unit Mix
2 x 3BR/2BA, 4 x 2BR/1BA
Multifamily Units
6
Additional Details
Public Transit
Yes
Building Details
Building Size
6,817 SF
Year Built
1946
Listing Agency:
Cerda-Zein Real Estate
Listed By:
Jose Cerda-Zein · License #01403669
(510) 523-5673
Source:
Annnewtoncane
Added: Oct 18
Changed: Oct 21
Last Checked: Oct 21 at 12:43AM
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 Cerda-Zein Real Estate
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.
This six-unit apartment property contains two 3-bedroom, 2-bath residences and four 2-bedroom, 1-bath residences. All six units are occupied, and the building dates to 1946.
The property is on Verdi Street in Alameda, California. Its unit mix provides a combination of two- and three-bedroom apartment layouts within one building.
The property is on Verdi Street in Alameda, California. Its unit mix provides a combination of two- and three-bedroom apartment layouts within one building.
Key Highlights
- Six occupied apartment units
- Two 3‑bedroom, 2‑bath residences
- Four 2‑bedroom, 1‑bath residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,752
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,975,040
$2.0M
Cap Rate 7%
$1,410,743
$1.4M
Cap Rate 9%
$1,097,244
$1.1M
Market Conditions
NOI Build-Up for 6,817 SF
Gross rent
$190.6K $27.96/SF
− Vacancy
−$11.1K −$1.62/SF
EGI
$179.5K $26.34/SF
− OpEx
−$80.8K −$11.85/SF
NOI
$98.8K $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%
$1,975,040
Cap Rate 7%
$1,410,743
Cap Rate 9%
$1,097,244
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.65M
NOI $98,752 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$31.08M
$27.19M – $36.26M
NOI $2,175,485 @ 7.0% cap · market cap 131.85%
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
Lease Details
6
Residential units
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Six occupied residences comprise a mix of two- and three-bedroom layouts.
Where is this apartment building located?
The property is located at 1526 Verdi St Alameda, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six occupied apartment units; Two 3‑bedroom, 2‑bath residences; Four 2‑bedroom, 1‑bath residences
