Mixed-Use Property in Alameda
For Sale
$1,580,000
1707 Lincoln Ave, Alameda, CA 94501
Three-unit mixed-use property in Alameda with high walkability.
Property Size4,600 SF
Price / SF$343.48
Days on Market530
Property Features for 1707 Lincoln Ave
General Information
Standard status
Active
Size
4,600 SF
Building Details
Year Built
1900
Listing Agency:
GARTH REALTY
Listed By:
MELYNDA YUN LI
Source:
Corcoran
Added: May 10, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 GARTH REALTY
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Investment Insights
Based on property information with market context.
This unique three-unit mixed-use property is located in the heart of the City of Alameda, offering excellent walkability and a vibrant atmosphere. Situated steps from Grand Street, known for its elegant architectural styles, the property is a gem positioned between a desirable residential area and a lively commercial district. The professionally managed building is fully occupied by tenants, generating a rental income of $124,285 per year until May 2025. Unit 1707 is occupied by SAGA Kitchen and spans 2,460 square feet. Unit 1707B is a residential unit featuring three bedrooms and two bathrooms, totaling 1,397 square feet. Unit 1709 is also occupied by SAGA Kitchen and measures 743 square feet. All units are in great condition, and tenants are responsible for their own utilities. The property includes ample storage areas in the attic and basement, as well as a private two-car driveway for parking. The total property size is 4,600 square feet.
Key Highlights
- High annual rental income of $124,285 until May 2025.
- Professionally managed and fully occupied 3‑unit mixed‑use property.
- Prime location in the heart of Alameda with excellent walkability.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,150
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,000
$1.9M
Cap Rate 7%
$1,330,714
$1.3M
Cap Rate 9%
$1,035,000
$1.0M
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$165.6K $36.00/SF
− Vacancy
−$16.6K −$3.60/SF
EGI
$149.0K $32.40/SF
− OpEx
−$55.9K −$12.15/SF
NOI
$93.2K $20.25/SF
Area
Alameda County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,000
Cap Rate 7%
$1,330,714
Cap Rate 9%
$1,035,000
Alternative Uses
Best Use
Retail
$20.97M
$18.35M – $24.47M
NOI $1,467,982 @ 7.0% cap · market cap 92.91%
Second Best
Multifamily LT 5
$2.21M
$1.93M – $2.57M
NOI $154,400 @ 7.0% cap · market cap 9.77%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,022
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?
Mixed-use property - Three-unit mixed-use property in Alameda with high walkability.
Where is this mixed-use property located?
The property is located at 1707 Lincoln Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,580,000.
What are key features of this property?
This property features: High annual rental income of $124,285 until May 2025.; Professionally managed and fully occupied 3‑unit mixed‑use property.; Prime location in the heart of Alameda with excellent walkability.
