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    Spectacular Six-Unit Multifamily Property Title is generated by Realmo AI

    Mozart St, Alameda, CA 94501

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    Claim this Listing
    For Sale
    $2,200,000

    Well-maintained six-unit property in a prime Alameda location.

    Type:Commercial
    Property size:
    5,056 SF
    Lot size:
    0.20 Acres
    Price / SF:
    $435/SF
    Added:
    Apr 30, 2025
    Days on Market:
    419
    Last Refresh:
    Apr 5 at 8:53 pm

    Property Features for Mozart St

    General Information

    Standard status
    Active
    Size
    5,056 SF
    Lot size
    0.20 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1952

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    Listing Contact
    ELAN CHERTOCK

    Listing agent ELAN CHERTOCK

    Listing office COMPASS

    Listing date Apr 30, 2025

    Source Corcoran

    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 COMPASS

    HighLights

    • Prime Alameda location on a tree‑lined street with Victorian homes.
    • Six units, including a Mediterranean‑style duplex and a 4‑unit apartment building.
    • Updated units with market rents, offering immediate income potential.
    • One vacant and recently updated unit, ready for owner occupancy or new tenants.
    • Well‑maintained property with good tenants.
    • Designated parking space for each unit.

    Overview

    This six-unit property features a Mediterranean-style duplex at the front and a four-unit apartment building behind it. The property is located on a tree-lined street with Victorian architecture in a prime Alameda location. The units have been well-maintained and updated in recent years, with the exception of Unit A. There is one designated parking space per unit. Four of the units have two bedrooms, and two of the units have one bedroom. One unit is vacant and recently updated.

    Local Financial Insights For Multifamily LT 5

    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 $257.9k $51.00
    − Vacancy −$15.4k −$3.05
    EGI $242.4k $47.95
    − OpEx −$72.7k −$14.39
    NOI $169.7k $33.57
    5,056 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $2.42M
    $2.12M – $2.83M (±1% cap)
    NOI $169,705 @ 7.0% cap · market cap 7.71%
    Second Best
    Apartment 5plus
    $1.05M
    $915.5K – $1.22M (±1% cap)
    NOI $73,242 @ 7.0% cap · market cap 3.33%
    Theoretical Best
    Retail
    $23.05M
    $20.17M – $26.89M (±1% cap)
    NOI $1,613,504 @ 7.0% cap · market cap 73.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Alameda
    County
    Alameda
    State
    California
    Longitude
    -122.268
    Latitude
    37.7742

    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-unit property in a prime Alameda location.
    Where is this apartment building located?
    The property is located at Mozart St Alameda, CA.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Prime Alameda location on a tree‑lined street with Victorian homes.; Six units, including a Mediterranean‑style duplex and a 4‑unit apartment building.; Updated units with market rents, offering immediate income potential.
    More about this property
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