Individually Owned Property summary
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.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 22,300 SF
- Lot area
- 0.44 ac
- Year built
- 1959
- Stories
- 3
- APN
- 72-302-10
- Assessed value · 2024
- $5,623,363
- Annual tax · 2023
- $93,228
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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