434 Central Avenue

    Alameda, CA 94501
    • $19,345,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 21927894
    UPDATED: 112 min ago
    $19,345,000
    • 0
      BEDS
    • 1.07
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 34,344
      SQFT
    • $563
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    53-unit apartment complex centrally located in prime Alameda Location. Fantastic unit mix of 17 two-bedroom/one bath floor plans, and 36 one-bedroom/one bath floor plans. Located just three blocks from Webster Street, containing various restaurants, stores and retail shops. Close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the bay area. This project is anticipated to create over 9,000 new jobs and is to include 1,425 new homes and over 5.5 million sq. ft. of commercial space. Property consists of two buildings with partial views of the bay and a private pool for the resident's enjoyment. Gated complex with coin-operated laundry room, assigned carports and ample guest parking. Property includes over a 300 sq. ft. utility room, presently used to house maintenance equipment. Great location in Alameda's West End, near South Shore Shopping, restaurants and access to Oakland and other Points of Interest in and around the Bay Area.

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    © 2019 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2019-12-11T23:56:02.553.
    www.sonomamarinhomes.com/homes/100434163

    434 Central Avenue Alameda, CA 94501

    • Price: $19,345,000
    • Status: Active
    • Updated: 112 min ago
    • ID#: 21927894
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.07
    Acres
    34,344
    SQFT
    $563
    $/SQFT
    1964
    Built
    Neighborhood:
    Alameda County
    County:
    Alameda
    Area:
    Alameda County
    Property Description
    53-unit apartment complex centrally located in prime Alameda Location. Fantastic unit mix of 17 two-bedroom/one bath floor plans, and 36 one-bedroom/one bath floor plans. Located just three blocks from Webster Street, containing various restaurants, stores and retail shops. Close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the bay area. This project is anticipated to create over 9,000 new jobs and is to include 1,425 new homes and over 5.5 million sq. ft. of commercial space. Property consists of two buildings with partial views of the bay and a private pool for the resident's enjoyment. Gated complex with coin-operated laundry room, assigned carports and ample guest parking. Property includes over a 300 sq. ft. utility room, presently used to house maintenance equipment. Great location in Alameda's West End, near South Shore Shopping, restaurants and access to Oakland and other Points of Interest in and around the Bay Area.
    Exterior Features

    Carports 0 Exterior Stucco Foundation Construct Other Garages 0 Lot Description Level On Site Parking CarportsCoveredUncovered Open Uncovered Spaces 0 Roof Bituthene Rv Boat Spaces 0 Type Apartments Underground Spaces 0 Views Bay

    Interior Features

    Heat Cool Wall Furnace

    Property Features

    1 Bdrm Ann Occupancy 95.00 1 Bdrms Occupied 34 1 Bedroom Rent Range $1693 - $2149 1 Bedrooms 36 2 Bdrm Ann Occupancy 98.00 2 Bdrms Occupied 16 2 Bedroom Rent Range $1860 - $2249 2 Bedrooms 17 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Projected Auction No Cap Rate 5.00 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 8588.00 Est Maintenance Exp 37374.00 Est Management 61717.00 Est Misc Expenses 7874.00 Est Net Income 783693.00 Est Taxes 226336.00 Est Total Annual Exp 434067.00 Est Utilities Exp 92178.00 Expense Source Owner Furnished Units 0 GRM 15.89 Gross Scheduled Inc 1217760.00 Guest Spaces 0 Laundry Appliance Coin OperatedCommon Room Lease Deposit 0.00 Lot Size Source (Realist Public Rec) Monthly Expenses 36172.25 Monthly Income 101480.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc AccountingElectricityGarbageGasInsuranceJanitor ServicesLegalLicense FeesMaintenanceManagementSwim PoolTaxes/AssessmentsVacancy FactorWater Planned Unit Develop No Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Transaction Type Sale Water Source Water-Public Year Built Source Realist Public Rec

    Listing information © 2019 Bay Area Real Estate Information Services.
    Listing courtesy of David L Rendino of Re/Max Marketplace.


    © 2019 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX GOLD. Data last updated: 2019-12-11T23:56:02.553.
     
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