Property profile

1515 Park St Alameda, CA 94501

OFF-MARKET
Investment properties
Property ID
US09-8692499
3,228 SF 0.08 ac lot Built 1900
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1515 Park Street in Alameda, California, presents a unique investment opportunity. Boasting 3,228 square feet on a 0.09-acre lot, this historic building offers a blend of commercial and residential space. The ground floor, completely renovated in 2023, housed a thriving bar featuring a fully equipped kitchen, two bathrooms, and a rear patio ideal for outdoor seating. Five convenient parking spaces are located at the rear of the building. The upper level provides comfortable residential living with three bedrooms, one bathroom, an updated kitchen, and a laundry area. This bright and spacious living space offers the convenience of living above your business. The building's prime location on Park Street places it in the heart of Alameda's vibrant commercial district, surrounded by shopping, dining, and entertainment options, ensuring high visibility and foot traffic. Built in the early 1900s, this property has been a beloved community gathering place for generations, offering a strong foundation for future success. The 2021 updates to both levels, combined with the 2023 bar renovation, ensure this property is move-in ready and well-maintained. This is an ideal opportunity for an owner-operator seeking a live-work situation in a thriving Alameda location. The property's history and location make it a truly unique and desirable investment.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction WOOD
Total area 3,228 SF
Lot 0.08 ac (3,700 SF)
APN 71-202-15
UPID US09-8692499

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Nightclub DJ & Entertainment

Location

1515 Park St Alameda, CA 94501-2933
Alameda metro Census 428000 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.41M
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$1.22M
Blend (final) Blend
$1.30M

Owner & transaction history

since 2026
Last sale
$1.5M
7 recorded transactions
2026
$1.1M
2025
$1.5M
2024
Price N/A
2022
Price N/A
2021
$1.5M
2012
Price N/A
2000
$347,500

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $1.4M +57.2%
Medical building $1.3M +46.3%
Auto repair, garage $1.0M +19.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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