Two-Bedroom Apartment
For Sale
$3,048,000
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$401.48
Days on Market100
Property Features for 524 Buena Vista AVE
General Information
Standard status
Active
Size
7,592 SF
Lot size
0.36 Acres
Property subtype
FiveOrMoreUnits
Site & Location
Neighborhood
Gold Coast
Building Details
Building Size
7,592 SF
Year Built
1962
Listing Agency:
Marcus & Millichap
Listed By:
Robert Johnston · License #01853816
(510) 304-8077
Source:
Mpireluxe
Added: Jul 30
Changed: Oct 31
Last Checked: Nov 4 at 9:27PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$109,978
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,199,560
$2.2M
Cap Rate 7%
$1,571,114
$1.6M
Cap Rate 9%
$1,221,978
$1.2M
Market Conditions
NOI Build-Up for 7,592 SF
Gross rent
$212.3K $27.96/SF
− Vacancy
−$12.3K −$1.62/SF
EGI
$200.0K $26.34/SF
− OpEx
−$90.0K −$11.85/SF
NOI
$110.0K $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%
$2,199,560
Cap Rate 7%
$1,571,114
Cap Rate 9%
$1,221,978
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,978 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$34.61M
$30.29M – $40.38M
NOI $2,422,808 @ 7.0% cap · market cap 79.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,294
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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 $3,048,000.
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
