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Listed by Jason Pugao • Keller Williams Tri-Valley • 510-472-6916
$ 2,200,000
Est. payment /mo
New
1523 Verdi Street Alameda, CA 94501
5,493 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,493 sqft
Price per Sqft $400
Subdivision Alameda
MLS Listing ID 41153164
HOA Y/N No
Year Built 1890
Lot Size 7,612 Sqft
Property Sub-Type 5 or More Units
Source BAY EAST
Property Description
***100% Occupied*** 1523–1527 Verdi Street is a six-unit multifamily asset in Alameda's West End, on a roughly 7,612 SF lot (0.17 AC) in the Encinal Park area. There is about 5,493 SF of livable area across two structures. The detached rear building holds two units (1525 and 1527 Verdi), and each has its own private garage. The seller invested over $600,000 into the property, which cuts near-term capital needs for a new owner. Work includes a new concrete foundation, a tankless water heater, fresh exterior paint, a renovated storage area, new mailboxes, and a new deck and roof over 1527. Several units have fully renovated interiors. Tenants pay their own utilities through separate electric and gas meters, and coin-operated laundry on site adds income. The location supports steady rental demand. Webster Street's shops and restaurants are a short walk away, and Maya Lin Elementary is about 0.2 miles from the property. Commuters can reach the Posey/Webster Tubes to Oakland and I-880, the Alameda ferry to San Francisco, and AC Transit bus lines. College of Alameda and the Alameda Point redevelopment are nearby. The property combines historic character, recent capital improvements, and value-add opportunities in one of the East Bay's most supply-constrained rental markets.
Location
State CA
County Alameda
Interior
Heating Zoned
Cooling None
Flooring Hardwood, Tile, Vinyl, Carpet
Fireplace No
Building
Lot Description Level, Rectangular Lot, Front Yard, Garden, Landscaped
Water Public
Others
Special Listing Condition Standard
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