Waterfront Craftsman
For Sale
$1,499,999
2000 Clinton AVE, Alameda, CA 94501
Historic triplex with an unoccupied two-bedroom owner’s flat, two studio tenants, and a detached lagoon-front cottage.
Property Size2,381 SF
Lot Size0.20 Acres
Days on Market60
Property Features for 2000 Clinton AVE
General Information
Standard status
Active
Size
2,381 SF
Lot size
0.20 Acres
Property subtype
Triplex
Additional Details
Cap Rate
6.4%
Road Access
Yes
Multifamily Units
4
Building Details
Building Size
2,381 SF
Year Built
1905
Year Renovated
2021
Buildings
2
Construction
Craftsman
Tenancy
Multi
Listing Agency:
Shield CRE, Inc.
Listed By:
GianLuca Jacoli · License #01938297
(510) 708-2662
Source:
Annnewtoncane
Added: Aug 21
Changed: Oct 15
Last Checked: Oct 16 at 6:09PM
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 Shield CRE, Inc.
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Investment Insights
Based on property information with market context.
Built in 1905, this historic Craftsman triplex occupies an 8,750-SF waterfront corner lot at 2000 Clinton Avenue in Alameda. The property includes an unoccupied two-bedroom, two-bath owner’s flat, two long-term studio tenants, and a detached waterfront cottage with a kitchenette, full bathroom, and skylights. The cottage is also vacant and may accommodate guest, office, or studio use, subject to buyer verification of permitted uses.
Capital improvements include a 2021 exterior renovation, a 1997 seismic retrofit, and a newer 30-year roof. The property is listed on the City of Alameda Historic Register and received the 2022 Alameda Architectural Preservation Society Award. Unobstructed lagoon views accompany the setting, with Park Street, South Shore Center, and Alameda Beach located one-half mile away. Current cap rate is 6.40%, with a 7.07% pro-forma cap rate identified through below-market studio rents.
Capital improvements include a 2021 exterior renovation, a 1997 seismic retrofit, and a newer 30-year roof. The property is listed on the City of Alameda Historic Register and received the 2022 Alameda Architectural Preservation Society Award. Unobstructed lagoon views accompany the setting, with Park Street, South Shore Center, and Alameda Beach located one-half mile away. Current cap rate is 6.40%, with a 7.07% pro-forma cap rate identified through below-market studio rents.
Key Highlights
- 8,750‑SF waterfront corner lot at 2000 Clinton Avenue
- 1905 Craftsman triplex with detached waterfront cottage
- Unoccupied 2‑bedroom/2‑bath owner’s flat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,919
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,380
$1.6M
Cap Rate 7%
$1,141,700
$1.1M
Cap Rate 9%
$887,989
$888.0K
Market Conditions
NOI Build-Up for 2,381 SF
Gross rent
$121.4K $51.00/SF
− Vacancy
−$7.3K −$3.05/SF
EGI
$114.2K $47.95/SF
− OpEx
−$34.3K −$14.39/SF
NOI
$79.9K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,598,380
Cap Rate 7%
$1,141,700
Cap Rate 9%
$887,989
Alternative Uses
Best Use
Multifamily LT 5
$1.14M
$999.0K – $1.33M
NOI $79,919 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$492.7K
$431.1K – $574.9K
NOI $34,491 @ 7.0% cap · market cap 2.30%
Theoretical Best
Retail
$10.85M
$9.50M – $12.66M
NOI $759,840 @ 7.0% cap · market cap 50.66%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,432
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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Historic triplex with an unoccupied two-bedroom owner’s flat, two studio tenants, and a detached lagoon-front cottage.
Where is this triplex located?
The property is located at 2000 Clinton AVE Alameda, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 8,750‑SF waterfront corner lot at 2000 Clinton Avenue; 1905 Craftsman triplex with detached waterfront cottage; Unoccupied 2‑bedroom/2‑bath owner’s flat
