Four-Unit Property with
For Sale
$1,375,000
1620 Santa Clara Ave, Alameda, CA 94501
Residents have access to a large yard and on-site coin-operated laundry.
Property Size6,723 SF
Price / SF$204.52
Days on Market17
Property Features for 1620 Santa Clara Ave
General Information
Standard status
Active
Size
6,723 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Marina Cove
Public Transit
Yes
Additional Details
Multifamily Units
4
Amenities
large yard
on-site coin-operated laundry
Building Details
Building Size
6,723 SF
Year Built
1885
Listing Agency:
Compass
Listed By:
Karin Ingeman-Fox
(510) 910-0388
Source:
Eastsidewest
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 31 at 3:39PM
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 Compass
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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 four-unit property in Alameda includes a large yard and on-site coin-operated laundry. The building dates to 1885.
Public transportation, local shops, restaurants, and neighborhood amenities are accessible from the property.
Public transportation, local shops, restaurants, and neighborhood amenities are accessible from the property.
Key Highlights
- Four separate residential units
- On‑site coin‑operated laundry
- Large yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,390
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,947,800
$1.9M
Cap Rate 7%
$1,391,286
$1.4M
Cap Rate 9%
$1,082,111
$1.1M
Market Conditions
NOI Build-Up for 6,723 SF
Gross rent
$188.0K $27.96/SF
− Vacancy
−$10.9K −$1.62/SF
EGI
$177.1K $26.34/SF
− OpEx
−$79.7K −$11.85/SF
NOI
$97.4K $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%
$1,947,800
Cap Rate 7%
$1,391,286
Cap Rate 9%
$1,082,111
Alternative Uses
Best Use
Multifamily LT 5
$3.22M
$2.82M – $3.76M
NOI $225,658 @ 7.0% cap · market cap 16.41%
Second Best
Apartment 5plus
$1.39M
$1.22M – $1.62M
NOI $97,390 @ 7.0% cap · market cap 7.08%
Theoretical Best
Retail
$30.65M
$26.82M – $35.76M
NOI $2,145,487 @ 7.0% cap · market cap 156.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
846
Businesses Nearby
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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
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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?
Quadplex - Residents have access to a large yard and on-site coin-operated laundry.
Where is this quadplex located?
The property is located at 1620 Santa Clara Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: Four separate residential units; On‑site coin‑operated laundry; Large yard
