Victorian Duplex with
For Sale
$1,175,000
2138 Pacific Ave, Alameda, CA 94501
Two separate residences offer three bedrooms and two bathrooms apiece across the property’s two levels.
Property Size2,930 SF
Price / SF$401.02
Days on Market13
Property Features for 2138 Pacific Ave
General Information
Standard status
Active
Size
2,930 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Additional Details
Asking Price
$1,175,000
Amenities
garden
storage sheds
Building Details
Building Size
2,930 SF
Year Built
1895
Buildings
1
Construction
Victorian
Listing Agency:
Corcoran Icon Properties
Listed By:
DiMaggio Betta Group
(510) 414-1250
Source:
Gregglynn
Added: Sep 25
Changed: Oct 5
Last Checked: Oct 5 at 10:10PM
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 Corcoran Icon Properties
Investment Insights
Based on property information with market context.
Built in 1895, this Victorian duplex contains two residences arranged on separate levels. Each unit has three bedrooms and two bathrooms. The property also includes a level garden with mature fruit trees, two storage sheds, and off-street tandem parking along the side, with additional parking in front of the building.
McKinley Park and its playground are nearby, while Park Street’s shops, cafes, and restaurants are a few blocks away. The combination of two distinct residences, outdoor space, storage, and parking gives the property a range of practical features within Alameda.
McKinley Park and its playground are nearby, while Park Street’s shops, cafes, and restaurants are a few blocks away. The combination of two distinct residences, outdoor space, storage, and parking gives the property a range of practical features within Alameda.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- Built in 1895
- Level garden with mature fruit trees
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,346
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,966,920
$2.0M
Cap Rate 7%
$1,404,943
$1.4M
Cap Rate 9%
$1,092,733
$1.1M
Market Conditions
NOI Build-Up for 2,930 SF
Gross rent
$149.4K $51.00/SF
− Vacancy
−$8.9K −$3.05/SF
EGI
$140.5K $47.95/SF
− OpEx
−$42.1K −$14.39/SF
NOI
$98.3K $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%
$1,966,920
Cap Rate 7%
$1,404,943
Cap Rate 9%
$1,092,733
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.64M
NOI $98,346 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$606.3K
$530.6K – $707.4K
NOI $42,444 @ 7.0% cap · market cap 3.61%
Theoretical Best
Retail
$13.36M
$11.69M – $15.58M
NOI $935,041 @ 7.0% cap · market cap 79.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,575
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences offer three bedrooms and two bathrooms apiece across the property’s two levels.
Where is this duplex located?
The property is located at 2138 Pacific Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; Built in 1895; Level garden with mature fruit trees
