Alameda Multifamily Investment
For Sale
$1,300,000
712 Santa Clara Avenue, Alameda, CA 94501
6-unit multifamily property in a desirable Alameda location.
Property Size4,674 SF
Price / SF$278.13
Days on Market184
Property Features for 712 Santa Clara Avenue
General Information
Standard status
Active
Size
4,674 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Gold Coast
Building Details
Year Built
1953
Listing Agency:
Fiduciary Real Estate Services
Listed By:
Ruben Martinez · License #01027549
(888) 511-3737
Source:
Exitrealty
Added: Apr 24
Changed: Oct 15
Last Checked: Oct 20 at 7:31PM
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 Fiduciary Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located in Alameda, 712 Santa Clara Avenue is a 6-unit multifamily property. The property is positioned for stable returns and long-term growth. It benefits from its proximity to the Park Street corridor, which offers dining, retail, and daily conveniences. Nearby access to schools, parks, and shoreline amenities enhances tenant retention. Connectivity to ferry service, BART, and commuter routes into Oakland and San Francisco broadens the renter pool. Alameda’s limited housing supply and rental market make this an attractive asset for investors seeking dependable income with upside potential. The bike score is 87, indicating it is very bikeable. The walk score is 88, indicating it is very walkable. The transit score is 48, indicating some transit options are available.
Key Highlights
- Highly desirable Alameda location near the thriving Park Street corridor with dining, retail, and conveniences.
- Strong rental demand and occupancy due to location advantages.
- Proximity to reputable schools, parks, and shoreline amenities enhances tenant retention.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,708
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,354,160
$1.4M
Cap Rate 7%
$967,257
$967.3K
Cap Rate 9%
$752,311
$752.3K
Market Conditions
NOI Build-Up for 4,674 SF
Gross rent
$130.7K $27.96/SF
− Vacancy
−$7.6K −$1.62/SF
EGI
$123.1K $26.34/SF
− OpEx
−$55.4K −$11.85/SF
NOI
$67.7K $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%
$1,354,160
Cap Rate 7%
$967,257
Cap Rate 9%
$752,311
Alternative Uses
Best Use
Apartment 5plus
$967.3K
$846.4K – $1.13M
NOI $67,708 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$21.31M
$18.64M – $24.86M
NOI $1,491,597 @ 7.0% cap · market cap 114.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,233
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - 6-unit multifamily property in a desirable Alameda location.
Where is this apartment building located?
The property is located at 712 Santa Clara Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Highly desirable Alameda location near the thriving Park Street corridor with dining, retail, and conveniences.; Strong rental demand and occupancy due to location advantages.; Proximity to reputable schools, parks, and shoreline amenities enhances tenant retention.
