1820 3Rd St Alameda, CA 94501
Property Lookup
Property profile & analytics
1820 3Rd St Alameda, CA 94501
- Apartment buildings
- 3,311 SF
- 0.20 lot acres
Property ID
US09-8443479
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
- Apartment buildings
Property Details for 1820 3Rd St
- Year built
- 1895
- Construction
- WOOD
- Lot size
- 0.20 lot acres
- Property size
- 3,311 SF
- Property type
- Apartment buildings
- APN
- 74-458-12
- APU
- 7445812
Description
This exceptional investment opportunity presents a five-unit multifamily property located at 1820 3rd Street, Alameda, CA 94501. The property consists of two buildings on a single lot in Alameda's desirable West End, comprising five two-bedroom, one-bathroom units. Projected gross annual income is $161,431.68, yielding a 7.48% capitalization rate and a 9.91 gross rent multiplier. Individual unit rental projections are: 1816 ($2,637.00), 1818 ($3,000.00 projected), 1820 ($2,965.64), 306 ($2,350.00), and 308 ($2,500.00 projected). The property benefits from its prime location, offering convenient access to Crown Memorial State Beach, Webster Street's dining and nightlife, Alameda Point's breweries and wineries, and South Shore Center. Excellent commuter access is provided via public transportation, including the SF Bay Ferry and multiple bus lines, as well as easy access to Highway 880. This well-maintained property offers steady rental demand and strong investment returns, making it a rare and compelling opportunity in the Alameda real estate market. The asking price for this lucrative investment is $1,600,000.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $800,000
- 6.5%
- $740,000
- 7%
- $685,000
-
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $995,000 Current use
- AUTO REPAIR, GARAGE
- $1,065,000 Change: +7% Conversion: Difficult
- RETAIL STORES
- $940,000 Change: -6% Conversion: Difficult
- OFFICE BUILDING
- $900,000 Change: -9% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $895,000 Change: -10% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Alameda
- County
- Alameda
- State
- California
- Longitude
- -122.288
- Latitude
- 37.7777
- 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
$15,656
$519,801
$404,639
$924,440
-
$0.00
$0.00
$0.00
