Half-Block to Park Street / Great School Dist 1213 Park Ave Immeuble residentiel 4 lots 795 973 € (198 993 €/Lot) Taux de capitalisation 7,68 % Alameda, CA 94501

Jon Holmquist is pleased to present the Exclusive Listing of 1213 Park Avenue, Alameda, CA. The subject property is supremely situated just a half-block from Encinal and Park Street with an easy walk to the best of the City of Alameda. The fourplex is to be delivered with Unit #2, an upstairs rear unit that was recently renovated, vacant at the close of escrow, as well as Unit #1 the downstairs front western most unit vacant at the close of escrow. The two vacant units at Close of Escrow make this perfect for an investment offering where you can raise the rents, or an owner-occupied opportunity at a fraction of the costs of surrounding single family homes. With a vacant, supremely located, recently renovated unit, this property is prime for an owner-occupant /user. The impeccably maintained and stunningly beautiful property further benefits from proximity to to Crown Beach, Shoreline. and South Shore Shopping Center allowing fantastic opportunity for entertainment and outdoor recreation. Surrounded primarily by a mix of apartments and single-family-homes and across the street from Chocheyno Park with open grass and picnic spots, the complex affords tenants the ability to walk to the best offerings of Alameda including South Shore Beach, South Shore Shopping Center, and Park Street. Centrally located in the Bay Area, Alameda South Shore Center is an established open-air shopping center featuring 594,000 square feet of dining, shopping and entertainment destinations. Both residents and visitors alike are drawn not only to the comprehensive variety of national and local restaurants and retailers, but also to the new outdoor family play area, spacious central courtyard and newly renovated building facades. Alameda South Shore Center is the area’s premier family friendly option to shop, dine, play and relax.
The subject property has a brick foundation and needs electrical upgrade, but represents a compelling opportunity for an investor or owner user, at an incredible price-point at a fraction of the cost for home ownership
The subject property sits on a 0.11-acre parcel, constructed circa 1880 (per property records), featuring wood frame with wood siding, and a pitched composite roof. The complex features four highly renovated charming one-bedroom/one bath units with great period detail, and units have been heavily renovated and upgraded with new flooring, countertops, appliances, and fixtures. The exterior of the property features intricate detail and unique high-end woodwork, and construction that would be cost prohibitive in todays market. Each unit is individually metered for gas and electricity and there is a spacious Zen garden to the rear of the property.
This offering is perfect for a rock-solid long-term investment, or an owner user, with an irreplaceable location, A+ location.