Alameda, CA Apartment Buildings for Sale

2 properties available.
3 photos

470 Central Avenue

Alameda, CA 94501

Multi-Family

$7,250,00014,400 SF

This 33 Unit multifamily property offers the investor the opportunity to purchase a rarely available waterfront property with views of San Francisco Bay. The property is located on the West End of Alameda on the waterfront. The property lends itself well to repositioning: Rents are below market, the units could be further renovated, and the exterior fa├žade and inner courtyard could be improved upon. These changes will enable the investor to increase rents to market level and keep pace with the rising rental rates for the City of Alameda. (See Rental Trends in this document.) The property is known as Bayview Apartments . It has since been converted to an apartment building with 33 units consisting of four (4) 2 bed / 1 bath units (~580 SF) and twenty-nine (29) 1 bed / 1 bath units (~400 SF). Twelve of the units have balconies overlooking The San Francisco Bay. More than twenty-three of the units have been partially renovated with granite counter tops and laminate floors. With additional renovations these could be raised to market level.

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2025 Clinton Avenue

Alameda, CA 94501

Multi-Family

$1,379,0004,619 SF

2 buildings on a large lot, accommodating 4 Units: 2 with private garden/outdoor spaces. A Tenant's dream location and an Investor's dream income property.

Alameda, CA Apartment Buildings for Sale

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