For Sale
$4,400,000
1418 Central AveAlameda, CA 94501
- Added:
- Dec 11, 2024
- Days on market:
- 115
Highlights
- Excellent location in Alameda, one block from Encinal Avenue commerce and eight blocks from Webster Street's retail and dining. The property is equidistant to Crown Beach, Shoreline, and South Shore Shopping Center.
- 18-unit multifamily complex (9 studios, 9 one-bedroom/one-bath) on a 0.18-acre lot, built circa 1925. Features high-end renovations, including mahogany window sills and inlaid hardwood floors.
- Strong occupancy history with rents 16.8% below market, offering significant upside potential.
- Building amenities include a garage, steam heat, updated water heater (2020), ample storage, owner's workshop, laundry facilities, bike storage, and seven parking spaces. Units have separate meters for gas and electricity.
- Priced at an attractive $312.86 per square foot, well below replacement cost and significantly less than comparable single-family homes.
Property Details for 1418 Central Ave
- Property type
- Apartment buildings
- Square Feet
- 14,064 SF
- Class
- B
- Year Built/Renovated
- 1925/2020
- Buildings
- 1
- Stories
- 4
- Lot Size (sq. ft)
- 7,841 SF
- Units
- 18
Location Insight
- City
- Alameda
- County
- Alameda
- State
- California
- Latitude
- 37.770962221347
- Longitude
- -122.2609495407
1418 Central Ave, Alameda, California
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