500 Buena Vista Ave — Sale in Alameda, CA

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

Investment Figures

Cap rate
5.61%

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

The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation. Investment Highlights: • 500 Buena Vista Avenue is a 10-unit multifamily asset in Alameda's Woodstock neighborhood. Built in 1962, this 7,592 SF, offering great value for investors seeking solid returns in a high-demand area. • The property features ten uniform 2BD/1BA units. Individually metered for gas/electric, it presents a compelling value-add opportunity with an 18% loss-tolease and a current 5.61% cap rate. • Bringing rents to market increases Net Operating Income by over $54,000, moving from $173,954 to $228,467. This drives a stabilized 7.37% cap rate and compresses the GRM from 11.39 to 9.39.

Market Context

This multifamily in Alameda, CA is listed for sale. It is offered at an approximate 5.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Alameda, CA — view the full market.

As of Q1 2026, the Oakland / East Bay multifamily market showed cap rates around 4.9%. Source: multiple brokerage reports, Q1 2026.

Its 5.6% asking cap rate is above the Oakland / East Bay multifamily market average of about 4.9%, implying a higher yield (and typically more risk or upside) than comparable assets.

Multifamily market FAQ

What is the typical cap rate for multifamily in Oakland / East Bay?
About 4.9% as of Q1 2026, per multiple brokerage reports.

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