Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    954 Park St, Unit ALAMEDA Alameda, CA 94501

    For Sale
    $1,925,000

    Sixplex investment property with ADU potential in Alameda, California.

    Property size:
    4,104 SF

    Property Features for 954 Park St

    General Information

    Standard status
    Active
    Size
    4,104 SF

    Building Details

    Year built
    1910

    Source: BHHS DRYSDALE PROPERTIES Agent RICH KRINKS

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Alameda Sixplex with ADU Potential

    This is a sixplex investment property with the potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Each unit features hardwood floors, high ceilings, recently upgraded electrical systems, and charming details. There is potential for adding two ADUs in the backyard, at approximately 800 square feet each. In the rear of the property, there is a large yard and parking area shared by the tenants. In addition to the main driveway, there is a north side walkway that runs the length of the property. The landlord is responsible for water and garbage expenses for each unit, while tenants cover electric and gas. The backyard and parking area measure approximately 50 feet by 54 feet. The property is located in Alameda, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.2472073
    Latitude
    37.7587562

    Nearby Similar for Sale

    • New
      $998,000
      2,143 SF

      Victorian Triplex in Prime Alameda

      Spectacular Victorian triplex in a desirable Alameda neighborhood.
      2154 Encinal Ave, Alameda, CA 94501
      View Details
    • $1,500,000
      2,289 SF

      Alameda Fourplex Investment Opportunity

      Four-unit property in Alameda with immediate upside potential.
      2310 Pacific Ave, Alameda, CA 94501
      View Details
    • $998,000
      3,267 SF

      Alameda Quadruplex with Renovated Units

      Multi-unit property in Alameda's East End, ideal for investors.
      897 Oak St, Alameda, CA 94501
      View Details
    • $2,495,000
      5,493 SF

      Multifamily Property Near HWY 880

      Turn-key multifamily property with income and long-term upside.
      1523 Verdi St, Alameda, CA 94501
      View Details
    • New
      $1,048,800
      2,008 SF

      Alameda Victorian Triplex For Sale

      Charming Victorian triplex with income potential in a desirable location.
      1220 9Th St, Alameda, CA 94501
      View Details
    • $1,349,500
      3,570 SF

      Alameda Quadruplex Near Shoreline

      Two buildings, four units, quiet street, near Washington Park.
      1301 9Th St, Alameda, CA 94501
      View Details

    FAQs

    What type of property is this?
    Apartment building - Sixplex investment property with ADU potential in Alameda, California.
    Where is this apartment building located?
    The property is located at 954 Park St, Unit ALAMEDA Alameda, CA.
    What is the asking price?
    The asking price for this property is $1,925,000.
    What are key features of this property?
    This property features: - Potential to increase NOI to $143,000 and CAP rate to 7.41% by building two ADUs (buyer to verify).; - Six existing one-bedroom, one-bath units provide immediate rental income.; - Large backyard and parking area shared by tenants.
    (510) 523-1144
    Request Owner's contact information
    954 Park St, Unit ALAMEDA Alameda, CA 94501
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    954 Park St, Unit ALAMEDA
    Alameda, CA 94501
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    954 Park St, Unit ALAMEDA Alameda, CA 94501
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.