1715 Central Ave Alameda, CA 94501-2568
Property Lookup
Property profile & analytics
1715 Central Ave Alameda, CA 94501-2568
- Apartment buildings
- 22,300 SF
- 0.44 lot acres
Property ID
US09-9335552
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Central Apartments / Apartment Building
- Alfredo Electric / Electrical Service / General Contractor
Property Details for 1715 Central Ave
- Year built
- 1959
- Construction
- WOOD
- Lot size
- 0.44 lot acres
- Property size
- 22,300 SF
- Property type
- Apartment buildings
- APN
- 72-302-10
- APU
- 7230210
Description
This exceptional 34-unit apartment building, located at 1715 Central Ave in Alameda, California, presents a compelling value-add opportunity. Boasting 22,300 square feet, this three-story, 1959-built property sits on a R5 zoned lot (APN 72-302-10) and offers a desirable mix of one- and two-bedroom units. The building features on-site laundry facilities, surface and street parking, and select units include private patios. Its strong cash flow is further enhanced by its excellent location. Situated in a walkable residential neighborhood with a Walk Score of 84 and Bike Score of 86, it's just nine minutes from the Lake Merritt BART station and within walking distance of Alameda Beach. The property benefits from being in a top-rated school district (Alameda High, rated 9/10 by GreatSchools) and is less than three miles from the San Francisco Ferry Terminal. The building is well-maintained and professionally managed, making it an attractive investment for discerning buyers. This is a rare opportunity, as comparable properties in this market rarely become available. The asking price is $8,300,000, representing a 5.76% cap rate. This property offers significant potential for future appreciation and strong rental income.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,385,000
- 6.5%
- $4,970,000
- 7%
- $4,615,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,075,000
- COMMERCIAL (GENERAL)
- $6,025,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alameda
- County
- Alameda
- State
- California
- Longitude
- -122.256
- Latitude
- 37.7704
- CBSA code
- 41860
- CBSA name
- SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$93,228
$1,757,856
$3,865,507
$5,623,363
-
$0.00
$0.00
$0.00
