512 Central Ave Alameda, CA 94501
Rare Waterfront Income Property! This exceptional multi-unit building offers 4 spacious units (two 2BD/2BA, two 1BD/1BA) plus a legal 690 SqFt bay-facing ADU. Two 2BD units have balconies with stunning water views. All units feature updated interiors. Prime location, near Webster St shops, restaurants, freeway access, and top-rated schools. A prime investment opportunity in a highly desirable Alameda neighborhood.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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.