Fernside Duplex with
2926/2928 Fernside Blvd Alameda, CA 94501
New
2926/2928 Fernside Blvd, Alameda, CA, 94501
$1,400,000
For Sale
$1,400,000
Two-unit duplex with fireplace living rooms, eat-in kitchens, laundry rooms, garage spaces, and a cemented backyard.
Property Size2,864 SF
Price / SF$488.83
Days on Market3
Property Features for 2926/2928 Fernside Blvd
General Information
- Standard status
- Active
- Size
- 2,864 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1937
Listing agency
BHHS Drysdale Properties
(510) 418-3731
Listed by
Catherine Bierwith · License #01414751
(510) 418-3731
Source
Exitrealty
Added: Jul 19 Updated: Jul 21 at 7:19AM Checked: Jul 21 at 7:19AM
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 BHHS Drysdale Properties
Investment Insights
Based on property information with market context.
This Fernside duplex offers two separate units with layouts that live like standalone homes. Each unit includes a living room with a fireplace, a separate dining room, an eat-in kitchen, and a laundry room. The upstairs unit (2928) has been just painted, and the wood floors have been refinished, while the downstairs unit (2926) is tenant occupied and follows a similar floor plan.
The property includes garage space for each unit and a cemented backyard suited for outdoor grilling. The units are located at 2926/2928 Fernside Blvd in Alameda, CA 94501.
The property includes garage space for each unit and a cemented backyard suited for outdoor grilling. The units are located at 2926/2928 Fernside Blvd in Alameda, CA 94501.
Key Highlights
- Fernside two‑unit duplex built in 1937
- Each unit features a fireplace living room, separate dining room, and eat‑in kitchen
- Upstairs unit (2928) recently painted and wood floors refinished
Local Financial Insights For Multifamily LT 5
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 | $146.1k | $51.00 |
| − Vacancy | −$8.7k | −$3.05 |
| EGI | $137.3k | $47.95 |
| − OpEx | −$41.2k | −$14.39 |
| NOI | $96.1k | $33.57 |
2,864 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.37M
$1.20M – $1.60M
NOI $96,131 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$592.7K
$518.6K – $691.5K
NOI $41,488 @ 7.0% cap · market cap 2.96%
Theoretical Best
Retail
$13.06M
$11.42M – $15.23M
NOI $913,978 @ 7.0% cap · market cap 65.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with fireplace living rooms, eat-in kitchens, laundry rooms, garage spaces, and a cemented backyard.
Where is this duplex located?
The property is located at 2926/2928 Fernside Blvd Alameda, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Fernside two‑unit duplex built in 1937; Each unit features a fireplace living room, separate dining room, and eat‑in kitchen; Upstairs unit (2928) recently painted and wood floors refinished
