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Property profile

2021 San Jose Ave Alameda, CA 94501

FOR SALE
Apartment buildings
Property ID
US09-7487522
14,180 SF 0.17 ac lot Built 1903
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1903
Construction WOOD
Total area 14,180 SF
Lot 0.17 ac (7,500 SF)
APN 71-244-18
UPID US09-7487522

Cap rate & NOI

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

Location

2021 San Jose Ave Alameda, CA 94501
Alameda metro Census 428400 SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.16M
Comparable Approach Comparable
$2.53M
Blend (final) Blend
$3.18M

Owner & transaction history

since 2025
Last sale
$3.5M
7 recorded transactions
2025
$3.5M
2011
Price N/A
2008
Price N/A
1997
$140,000
1997
Price N/A
1982
$302,500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $4.6M +7.0%

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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