Victorian Multifamily
For Sale
$900,000
2165 Central Avenue, Alameda, CA 94501
Fully occupied Victorian multifamily property with a rear parking area, outbuilding, and unfinished ground-floor workshop space.
Property Size5,373 SF
Price / SF$167.50
Days on Market51
Property Features for 2165 Central Avenue
General Information
Standard status
Active
Size
5,373 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Neighborhood
Bronze Coast
Amenities
parking in rear yard
outbuilding
workshop
Building Details
Buildings
2
Construction
Victorian
Listing Agency:
Colliers International
Listed By:
Readdress
(415) 275-0229
Source:
Readdress
Added: Sep 12
Changed: Oct 31
Last Checked: Nov 1 at 5:37AM
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 Colliers International
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Investment Insights
Based on property information with market context.
This Victorian multifamily property at 2165 Central Avenue in Alameda, CA 94501 contains 5373 square feet and is fully occupied. Period architectural details extend throughout the building, while the ground floor includes unfinished workshop space that remains separate from the completed areas.
The property includes a substantial lot with an outbuilding and parking positioned in the rear yard. Its existing configuration combines residential income use with additional on-site ancillary space.
The property includes a substantial lot with an outbuilding and parking positioned in the rear yard. Its existing configuration combines residential income use with additional on-site ancillary space.
Key Highlights
- Victorian multifamily building with period architectural details
- 5373 square feet of building area
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,834
Cap Rate
8.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,680
$1.6M
Cap Rate 7%
$1,111,914
$1.1M
Cap Rate 9%
$864,822
$864.8K
Market Conditions
NOI Build-Up for 5,373 SF
Gross rent
$150.2K $27.96/SF
− Vacancy
−$8.7K −$1.62/SF
EGI
$141.5K $26.34/SF
− OpEx
−$63.7K −$11.85/SF
NOI
$77.8K $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%
$1,556,680
Cap Rate 7%
$1,111,914
Cap Rate 9%
$864,822
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$972.9K – $1.30M
NOI $77,834 @ 7.0% cap · market cap 8.65%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$24.50M
$21.43M – $28.58M
NOI $1,714,667 @ 7.0% cap · market cap 190.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,691
Businesses Nearby
Explore this area
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?
Multifamily property - Fully occupied Victorian multifamily property with a rear parking area, outbuilding, and unfinished ground-floor workshop space.
Where is this multifamily property located?
The property is located at 2165 Central Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Victorian multifamily building with period architectural details; 5373 square feet of building area; Fully occupied property
