1523 Verdi St, Alameda, CA

$2,750,000

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5,493

Square feet

0.18

Acres

About 1523 Verdi St

Open house scheduled for Friday, September 5, 10, 12 and 17th from 11am to 12:30pm. This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1527 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner’s unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property’s long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

Features of 1523 Verdi St

MLS® # 41110185
Price $2,750,000
Square Footage 5,493
Acres 0.18
Year Built 1890
Type COMM RI MULTI-UNITS 5+
Sub-Type 5 or More Units
Status Active

Community Information

Address 1523 Verdi St
Subdivision ALAMEDA
City Alameda
County Alameda
State CA
Zip Code 94501

Amenities

Utilities Individual Electric Meter, Individual Gas Meter
Parking Garage, Assigned, On Street
Is Waterfront No
Has Pool No

Interior

Appliances Gas Water Heater
Heating Zoned
Cooling None
Fireplace No

Exterior

Lot Description Level, Rectangular Lot, Front Yard, Garden, Landscaped
Roof Shingle
Construction Vinyl Siding, Wood Siding

Additional Information

Date Listed September 3rd, 2025
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJason Pugao
OfficeKeller Williams Tri-Valley

Listing Map

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