954 Park St Alameda, CA 94501

Building Details

Year Built

1910

Listing office BHHS DRYSDALE PROPERTIES r***@bhhsdrysdale.com Show Phone

Listing date Mar 11, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This six-plex investment property features one-bedroom, one-bath units with hardwood floors, high ceilings, and upgraded electrical systems. Each unit contains charming details. The landlord is responsible for water and garbage expenses, while tenants cover electric and gas. A large shared yard and parking area are located at the rear of the property, measuring approximately 50' x 54'. In addition to the main driveway, a walkway runs along the north side of the property. There is potential to build two Accessory Dwelling Units (ADUs) in the backyard.

Key Highlights

• SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs).
• Potential for increased NOI to $161,500 and CAP rate to 9.94% with ADU development (buyer to verify).
• Recently upgraded electrical system.

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FAQs

What type of property is this?

Apartment building - Investment property with potential for additional units and increased income.

Where is this apartment building located?

The property is located at 954 Park St Alameda, CA.

What is the asking price?

The asking price for this property is $1,625,000.

What are key features of this property?

This property features: SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs).; Potential for increased NOI to $161,500 and CAP rate to 9.94% with ADU development (buyer to verify).; Recently upgraded electrical system.