Two-Bedroom Apartment
New
For Sale
$3,198,000
524 Buena Vista AVE, Alameda, CA 94501
The multifamily property offers consistent two-bedroom layouts in an established Alameda setting.
Property Size7,592 SF
Lot Size0.36 Acres
Price / SF$421.23
Days on Market5
Property Features for 524 Buena Vista AVE
General Information
Standard status
Active
Size
7,592 SF
Lot size
0.36 Acres
Property subtype
FiveOrMoreUnits
Building Details
Building Size
7,592 SF
Year Built
1962
Listing Agency:
Marcus & Millichap
(510) 304-8077
Listed By:
Robert Johnston · License #01853816
(510) 304-8077
Source:
Mpireluxe
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 2 at 3:27AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This apartment property includes approximately 7,592 square feet of gross building area on a 15,600-square-foot parcel. Constructed in 1962, the building is configured with residences that are all two-bedroom floor plans, creating a consistent unit layout throughout the property.
The asset is located in Alameda, California, across from Oakland and within the broader East Bay employment corridor. Downtown Alameda is approximately 2.6 miles away, providing access to retail, dining, and entertainment. The surrounding regional context also includes major healthcare, technology, banking, and port-related employment centers in the Oakland area.
The asset is located in Alameda, California, across from Oakland and within the broader East Bay employment corridor. Downtown Alameda is approximately 2.6 miles away, providing access to retail, dining, and entertainment. The surrounding regional context also includes major healthcare, technology, banking, and port-related employment centers in the Oakland area.
Key Highlights
- Approximately 7,592 square feet of gross building area
- 15,600‑square‑foot parcel
- All residences feature two‑bedroom floor plans
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 | $212.3k | $27.96 |
| − Vacancy | −$12.3k | −$1.62 |
| EGI | $200.0k | $26.34 |
| − OpEx | −$90.0k | −$11.85 |
| NOI | $110.0k | $14.49 |
7,592 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,978 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$34.61M
$30.29M – $40.38M
NOI $2,422,808 @ 7.0% cap · market cap 75.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,294
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The multifamily property offers consistent two-bedroom layouts in an established Alameda setting.
Where is this apartment building located?
The property is located at 524 Buena Vista AVE Alameda, CA.
What is the asking price?
The asking price for this property is $3,198,000.
What are key features of this property?
This property features: Approximately 7,592 square feet of gross building area; 15,600‑square‑foot parcel; All residences feature two‑bedroom floor plans
