2021 San Jose Ave Alameda, CA 94501-8101
This exceptional 18-unit apartment building presents a compelling investment opportunity in Alameda's desirable Bronze Coast neighborhood. Located at 2021 San Jose Avenue, this classic building boasts 14,180 square feet on a 7,500 square foot lot, offering a blend of charm and modern convenience. The property comprises eighteen one-bedroom units, each featuring spacious floorplans, many with original hardwood floors, ample closet space, and excellent natural light. Front units showcase beautiful bay windows. Kitchens and bathrooms have been updated in most units. Residents enjoy a shared backyard and a six-car garage, providing ample parking. Additional amenities include an intercom system, dishwashers, and a shared laundry area with leased machines. The building features copper plumbing, and units are separately metered for gas and electricity; tenants are responsible for their electric heat. Its prime location offers easy access to I-880 and I-80, connecting to major Bay Area cities including San Francisco (15-minute drive), San Jose (30-minute drive), and Sacramento. Public transportation options, including BART access via AC Transit, provide convenient commutes. The Bronze Coast neighborhood is renowned for its vibrant atmosphere, featuring excellent restaurants, bars, parks, entertainment venues, and highly-rated schools. This well-maintained property represents a strong investment in a thriving Alameda community, offering both immediate income and significant long-term potential. Asking price: $4,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.