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500 Buena Vista Avenue, Alameda, CA 94501
Priced at Only: $3,100,000
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Address: 500 Buena Vista Avenue, Alameda, CA 94501
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  • MLS#: ML82036853 ( )
  • Street Address: 500 Buena Vista Avenue
  • Viewed: 14
  • Price: $3,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1962
  • Bldg sqft: 0
  • Days On Market: 38
  • Additional Information
  • County: ALAMEDA
  • City: Alameda
  • Zipcode: 94501
  • Provided by: Marcus & Millichap
  • Contact: Adam Adam
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Building Area Total
  1. 7592.00
Carport Spaces
  1. 0.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 7500.00
Otherexpense
  1. 1800.00
Parcel Number
  1. 0740436030
Roof
  1. Tar/Gravel
Totalexpenses
  1. 92347.00
Trash Expense
  1. 6053.00
Views
  1. 14
Year Built
  1. 1962
Year Built Source
  1. Other
Zoning
  1. R-4-PD
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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