Victorian Duplex with Two
843 Santa Clara Avenue, Alameda, CA 94501
For Sale
$998,000
Two separately arranged homes include updated kitchens and dedicated laundry in the lower unit.
Property Size1,872 SF
Days on Market53
Property Features for 843 Santa Clara Avenue
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Amenities
backyard
storage shed
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
KW Advisors
Listed By:
Own Real Estate · License #70010079
(650) 888-0153
Source:
Coastandcore
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 1:24PM
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 KW Advisors
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Investment Insights
Based on property information with market context.
Built in 1890, this two-unit Victorian property pairs period character with practical updates. The lower home includes two bedrooms, a bonus room, one bathroom, laminate flooring, an updated kitchen with tile flooring, and a dedicated laundry room. The upper residence offers a formal entry, high ceilings, large windows, two bedrooms, an updated bathroom, and a kitchen with newer cabinetry and butcher block countertops.
Original details such as stained glass complement the updated interiors. Outside, a manicured backyard and storage shed add usable space. The property is near Alameda’s historic neighborhoods, shopping, dining, parks, and everyday amenities. Its separate layouts support owner occupancy with rental income, multigenerational living, or use as a residential income property.
Original details such as stained glass complement the updated interiors. Outside, a manicured backyard and storage shed add usable space. The property is near Alameda’s historic neighborhoods, shopping, dining, parks, and everyday amenities. Its separate layouts support owner occupancy with rental income, multigenerational living, or use as a residential income property.
Key Highlights
- Two‑unit Victorian property built in 1890
- Lower unit includes 2 bedrooms, a bonus room, 1 bath, and dedicated laundry
- Upper residence features 2 bedrooms, a formal entry, high ceilings, and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,834
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,680
$1.3M
Cap Rate 7%
$897,629
$897.6K
Cap Rate 9%
$698,156
$698.2K
Market Conditions
NOI Build-Up for 1,872 SF
Gross rent
$95.5K $51.00/SF
− Vacancy
−$5.7K −$3.05/SF
EGI
$89.8K $47.95/SF
− OpEx
−$26.9K −$14.39/SF
NOI
$62.8K $33.57/SF
Area
Alameda County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,256,680
Cap Rate 7%
$897,629
Cap Rate 9%
$698,156
Alternative Uses
Best Use
Multifamily LT 5
$897.6K
$785.4K – $1.05M
NOI $62,834 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$387.4K
$339.0K – $452.0K
NOI $27,118 @ 7.0% cap · market cap 2.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,257
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
$1,213,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Alameda County, CA
Properties on Market for Duplexes in Alameda County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two separately arranged homes include updated kitchens and dedicated laundry in the lower unit.
Where is this duplex located?
The property is located at 843 Santa Clara Avenue Alameda, CA.
What is the asking price?
The asking price for this property is $998,000.
What are key features of this property?
This property features: Two‑unit Victorian property built in 1890; Lower unit includes 2 bedrooms, a bonus room, 1 bath, and dedicated laundry; Upper residence features 2 bedrooms, a formal entry, high ceilings, and large windows
