Historic 10-Unit Apartment
739 Santa Clara Avenue Alameda, CA 94501
739 Santa Clara Avenue, Alameda, CA, 94501
Contact for pricing
For Sale
Contact for pricing
Three-story 10-unit apartment building with updated interiors, onsite laundry, and gas wall heater heat.
Property Size8,804 SF
Lot Size0.22 Acres
Price / SF$357.79
Days on Market64
Property Features for 739 Santa Clara Avenue
General Information
- Standard status
- Active
- Size
- 8,804 SF
- Lot size
- 0.22 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1905
Listing agency
Marcus & Millichap - San Francisco
(415) 963-3000
Listed by
Angelo Baglieri · License #CA 01996324
Source
Crexi
Added: May 21 Updated: Jul 21 at 11:40PM Checked: Jul 22 at 1:33PM
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 - San Francisco
Investment Insights
Based on property information with market context.
This 3-story, 10-unit apartment building was constructed in 1905 and totals approximately 8,804 square feet. The property features many upgraded units, with interior details including hardwood floors, bay windows, and molding elements. Heating is provided via gas wall heaters, and tenants have access to an onsite laundry room. Off-street parking is available with 10 parking spots behind the building, and a large storage room is included that may be used as an additional income opportunity.
The property is located just off Webster Street and in the downtown Alameda area.
The building offers a blend of historic period features and recent unit turn improvements, supported by on-site amenities including laundry access and enclosed storage space.
The property is located just off Webster Street and in the downtown Alameda area.
The building offers a blend of historic period features and recent unit turn improvements, supported by on-site amenities including laundry access and enclosed storage space.
Key Highlights
- 1905‑built, 3‑story 10‑unit apartment building totaling approx. 8,804 SF on a 9,570 SF lot
- Includes 10 parking spots behind the building plus an on‑site storage room that may allow for an ADU (rental income potential)
- Many units have been significantly upgraded as they turned, with the property described as in good condition
Local 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 | $246.2k | $27.96 |
| − Vacancy | −$14.3k | −$1.62 |
| EGI | $231.9k | $26.34 |
| − OpEx | −$104.3k | −$11.85 |
| NOI | $127.5k | $14.49 |
8,804 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.59M – $2.13M
NOI $127,535 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$40.14M
$35.12M – $46.83M
NOI $2,809,590 @ 7.0% cap · market cap 89.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Chuck Nicklow
Video Editing Service
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Three-story 10-unit apartment building with updated interiors, onsite laundry, and gas wall heater heat.
Where is this apartment building located?
The property is located at 739 Santa Clara Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 1905‑built, 3‑story 10‑unit apartment building totaling approx. 8,804 SF on a 9,570 SF lot; Includes 10 parking spots behind the building plus an on‑site storage room that may allow for an ADU (rental income potential); Many units have been significantly upgraded as they turned, with the property described as in good condition
