Building Details

Year Built 1890

Listing Agency: KELLER WILLIAMS TRI-VALLEY Show Phone

Listed By: JASON PUGAO · License #01908325 Show Phone

Source: Corcoran

Added: Sep 3, 2025 Changed: Oct 26 Last Checked: Nov 4 at 1:05PM

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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 KELLER WILLIAMS TRI-VALLEY

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Investment Insights

Based on property information with market context.

This multifamily property features five units plus a permitted Accessory Dwelling Unit (ADU). Located near Highway 880, BART, bus lines, and the ferry, the property benefits from steady rental demand. The front building is a Victorian structure with four units. The rear ADU provides additional income, and each unit has its own garage. One unit is currently vacant, presenting an opportunity to capture market rents or utilize as an owner’s unit. On-site coin-operated laundry supplements the income. Recent capital improvements include a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, a new deck, and a new roof above one of the units, plus several fully renovated interiors. The property is 5493 square feet.

Key Highlights

• Turn‑key multifamily property with 5 units plus a permitted ADU, providing strong in‑place income.
• Ideally located near HWY 880, BART, bus lines, and the ferry, attracting steady rental demand.
• One vacant unit offers immediate opportunity to capture market rents or use as an owner's unit.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$79,572

Cap Rate

3.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,591,440 $1.6M

Cap Rate 7%

$1,136,743 $1.1M

Cap Rate 9%

$884,133 $884.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,493 SF

Gross rent

$153.6K $27.96/SF

− Vacancy

−$8.9K −$1.62/SF

EGI

$144.7K $26.34/SF

− OpEx

−$65.1K −$11.85/SF

NOI

$79.6K $14.49/SF

Area

Alameda County, CA

Vacancy

5.80%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,591,440

Cap Rate 7%

$1,136,743

Cap Rate 9%

$884,133

Alternative Uses

Best Use

Apartment 5plus

$1.14M

$994.7K – $1.33M (±1% cap)

NOI $79,572 @ 7.0% cap · market cap 3.32%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$25.04M

$21.91M – $29.22M (±1% cap)

NOI $1,752,962 @ 7.0% cap · market cap 73.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

1,147

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property with income, upside, and convenient location.

Where is this apartment building located?

The property is located at Verdi St Alameda, CA.

What is the asking price?

The asking price for this property is $2,395,000.

What are key features of this property?

This property features: Turn‑key multifamily property with 5 units plus a permitted ADU, providing strong in‑place income.; Ideally located near HWY 880, BART, bus lines, and the ferry, attracting steady rental demand.; One vacant unit offers immediate opportunity to capture market rents or use as an owner's unit.**