1501 Encinal Ave, Alameda, CA

$1,130,000

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3,008

Square feet

0.11

Acres

About 1501 Encinal Ave

1501 Encinal Avenue in Alameda is a rare opportunity for investors looking for a charming 6-unit building in a prime location. The property is centrally located on the edge of the desirable Gold Coast neighborhood close to Franklin Park, recreation, retail, easy transportation options to San Francisco, the Alameda Farmer’s Market, the famed Alameda Beach, Alameda Point attractions, and more. The building is situated in historic Morton Station amid iconic Victorians and tree-lined streets and offers 6 studio apartments providing a delightful living experience for tenants. The property also offers a 3 garage spaces and 5 storage units for additional income opportunity. In the rear of the property there is a delightful yard for barbeques, container gardening, and relaxation. There is also an opportunity to create a laundry room in a storage unit adjacent to the garage with existing hook ups. Additionally, the building offers 1 unit delivered vacant. Tenants are responsible for electricity and gas while the owner is responsible for water, sewer, and garbage. The property offers strong yearly income of approximately $106,908 (when 100% occupied and two planned rent increases are in place).

Features of 1501 Encinal Ave

MLS® # 41057405
Price $1,130,000
Bathrooms 0.00
Square Footage 3,008
Acres 0.11
Year Built 1926
Type COMM RI MULTI-UNITS 5+
Sub-Type 5 or More Units
Status Pending

Community Information

Address 1501 Encinal Ave
Area Listing
Subdivision GOLD COAST
City Alameda
County Alameda
State CA
Zip Code 94501

Amenities

Utilities All Public Utilities
Parking Spaces 3
Parking Detached, Garage, Side Yard Access, Garage Faces Side, On Street, See Remarks
Is Waterfront No
Has Pool No

Interior

Interior Features Storage
Appliances Free-Standing Range, Refrigerator, Gas Water Heater
Heating Other
Cooling None
Fireplace No

Exterior

Exterior Features Garden
Lot Description Corner Lot, Level, Regular, Back Yard, Front Yard, Garden, Landscape Misc, See Remarks
Roof Shingle
Construction Stucco

Additional Information

Date Listed April 25th, 2024
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJohanna Hall
OfficeBHHS Drysdale Properties

Listing Map

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