Alameda Multifamily Investment
For Sale
$1,575,000
1527 8th St, Alameda, CA 94501
Multifamily property near Webster Street with upside potential.
Property Size3,140 SF
Lot Size0.13 Acres
Price / SF$501.59
Days on Market212
Property Features for 1527 8th St
General Information
Standard status
Active
Size
3,140 SF
Lot size
0.13 Acres
Property subtype
Commercial
Amenities
Washer
Attached Garage
Playground
Composition Roof
Hardwood Flooring
Level
Regular
Two or More Heating Zones Heating
Building Details
Year Built
1912
Listing Agency:
WELCOME MANAGEMENT CORPORATION
(510) 220-5516
Listed By:
ROBERT LOEBL · License #01973113
(510) 292-2000
Source:
Corcoran
Added: Mar 11
Changed: Aug 8
Last Checked: Jun 3 at 2:47PM
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 WELCOME MANAGEMENT CORPORATION
Investment Insights
Based on property information with market context.
Located in Alameda, CA, this multifamily property at 1527 8th Street presents an investment opportunity in a desirable location, situated blocks from Webster Street's amenities. The property, built in 1912, sits on a 0.13-acre parcel and features architectural details reflecting the period. Residents have access to a common area garden. The main building includes a basement area with bike parking, two storage areas, and a coin-operated laundry. A private enclosed garage is also present. The unit mix comprises one studio, two one-bedroom one-bath apartments, one two-bedroom one-bath apartment, and a detached one-bedroom one-bath cottage with a private garden. Each unit is separately metered for gas and electricity. The building size is 3140 square feet.
Key Highlights
- Coveted location blocks from Webster Street amenities
- Strong income potential with low historical vacancy
- Rental upside available upon tenant turnover
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,486
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,720
$909.7K
Cap Rate 7%
$649,800
$649.8K
Cap Rate 9%
$505,400
$505.4K
Market Conditions
NOI Build-Up for 3,140 SF
Gross rent
$87.8K $27.96/SF
− Vacancy
−$5.1K −$1.62/SF
EGI
$82.7K $26.34/SF
− OpEx
−$37.2K −$11.85/SF
NOI
$45.5K $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%
$909,720
Cap Rate 7%
$649,800
Cap Rate 9%
$505,400
Alternative Uses
Best Use
Apartment 5plus
$649.8K
$568.6K – $758.1K
NOI $45,486 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$14.32M
$12.53M – $16.70M
NOI $1,002,057 @ 7.0% cap · market cap 63.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,257
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property near Webster Street with upside potential.
Where is this apartment building located?
The property is located at 1527 8th St Alameda, CA.
What is the asking price?
The asking price for this property is $1,575,000.
What are key features of this property?
This property features: Coveted location blocks from Webster Street amenities; Strong income potential with low historical vacancy; Rental upside available upon tenant turnover
