Seven-Unit Apartment
2021 Clinton Ave Alameda, CA 94501
2021 Clinton Ave, Alameda, CA, 94501
$1,899,000
For Sale
$1,899,000
Seven-unit apartment property with separate front utilities, off-street parking, and on-site coin laundry.
Property Size6,363 SF
Price / SF$298.44
Days on Market42
Property Features for 2021 Clinton Ave
General Information
- Standard status
- Active
- Size
- 6,363 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1923
Listing agency
Compass
(510) 919-7280
Listed by
Jill Friedrich · License #02062807
(510) 919-7280
Source
Exitrealty
Added: Jun 12 Updated: Jul 21 at 9:53PM Checked: Jul 22 at 10:25AM
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
Investment Insights
Based on property information with market context.
This 7-unit apartment building includes a front structure originally built in 1923 with six 1BD/1BA units, and a fully remodeled detached rear structure completed in 2011. The front units are described as having hardwood floors in many cases and abundant natural light, and the upper units have lagoon and bay views. The detached structure provides a 2BD/1BA unit above with dedicated garage, laundry room, and storage below.
The property features separate gas/electric meters for the front building, upgraded electrical throughout, off-street parking for all units, and a secure entry system with video or voice. An on-site coin laundry serves residents, and the building includes basement storage for the owner plus six private storage units for tenants.
With long-term consistent ownership and a well-maintained configuration, the asset offers a functional mix of 1-bedroom and a 2-bedroom unit within two structures.
The property features separate gas/electric meters for the front building, upgraded electrical throughout, off-street parking for all units, and a secure entry system with video or voice. An on-site coin laundry serves residents, and the building includes basement storage for the owner plus six private storage units for tenants.
With long-term consistent ownership and a well-maintained configuration, the asset offers a functional mix of 1-bedroom and a 2-bedroom unit within two structures.
Key Highlights
- 7‑unit multifamily in Alameda’s Bronze Coast; front building built in 1923 with an Art Deco‑inspired facade
- Front building has six 1BD/1BA units, approx. 884 SF each; many units feature hardwood floors and abundant natural light
- Upper units have lagoon and bay views; second‑floor units offer a lagoon backdrop
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $177.9k | $27.96 |
| − Vacancy | −$10.3k | −$1.62 |
| EGI | $167.6k | $26.34 |
| − OpEx | −$75.4k | −$11.85 |
| NOI | $92.2k | $14.49 |
6,363 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,175 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$29.01M
$25.38M – $33.84M
NOI $2,030,602 @ 7.0% cap · market cap 106.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit apartment property with separate front utilities, off-street parking, and on-site coin laundry.
Where is this apartment building located?
The property is located at 2021 Clinton Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,899,000.
What are key features of this property?
This property features: 7‑unit multifamily in Alameda’s Bronze Coast; front building built in 1923 with an Art Deco‑inspired facade; Front building has six 1BD/1BA units, approx. 884 SF each; many units feature hardwood floors and abundant natural light; Upper units have lagoon and bay views; second‑floor units offer a lagoon backdrop
