1611 Santa Clara Ave — Sale in Alameda, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Alameda, CA 94501

Photos

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Investment Figures

Cap rate
6.38%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

1611 Santa Clara Ave Apartments is an eight-unit multifamily property located in the highly desirable city of Alameda, CA. The property features a strong unit mix of four 2-bedroom/1-bath units, two 3-bedroom/1-bath unit, and two 3-bedroom/2-bath units, along with eight covered parking spaces. Select units offer private fenced yards, a highly sought-after amenity that enhances tenant appeal. Situated within an established residential neighborhood, the property benefits from Alameda's strong rental demand, a superior school district, community-oriented atmosphere, and convenient access to major Bay Area employment centers. The subject property location provides residents with easy access to local shopping, dining, schools, parks, and public transportation options. Constructed circa 1965, the property benefits from significant capital improvements, including a new pitched composite roof installed in 2022, a completed soft-story seismic retrofit, upgraded electrical panels and circuit breakers, and gas shut-off valves. Additional amenities include onsite laundry facilities and a large secured storage area, providing potential for supplemental income. The combination of a desirable unit mix, substantial recent improvements, pitched composite roof, and a prime Alameda location offers investors the opportunity to acquire a well-maintained asset with stable in-place income and long-term upside potential. With major building systems already upgraded, new ownership can focus on maximizing income and future rent growth. Investment Highlights: • Unit Mix of Four 2BD/1BA, Two 3BD/1BA, and Two 3BD/2BA Units. • Extensive Capital Improvements Completed, Including a New Pitched Composite Roof (2022), Soft-Story Seismic Retrofit, Upgraded Electrical Panels and Circuit Breakers, and Automatic Gas Shut-Off Valves • Onsite Laundry Facilities and Large Secured Storage Area with Additional Income Potential. • Convenient access to Oakland, San Francisco, and the Greater Bay Area.

Market Context

This multifamily in Alameda, CA is listed for sale. It is offered at an approximate 6.4% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Alameda, CA — view the full market.

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