5-Units | West Alameda

1629 Santa Clara Ave, Alameda, CA 94501

  • For Sale $1,950,000
  • Property Type Multi-Family
  • Property Size 6,219 SF
  • Units 5
  • Lot Size 0.24 Acre
  • Year Built 1954
  • Date Updated Feb 15, 2024
The West Alameda neighborhood, situated within the vibrant city of Oakland, is a hidden gem that exudes a distinct sense of charm and tranquility. Bordered by scenic waterfronts and characterized by tree-lined streets, this neighborhood offers a unique blend of residential comfort and natural beauty. Its proximity to the waterfront grants residents and visitors captivating views of the bay, enhancing the area's appeal. One of the defining features of West Alameda is its strong sense of community. The neighborhood is known for its friendly and welcoming atmosphere, fostering a tight-knit spirit among its residents. This is reflected in the local events, farmers' markets, and gatherings that regularly take place, providing opportunities for neighbors to connect and engage in meaningful ways. West Alameda's historical significance also adds to its allure. The architecture in the area showcases a mix of styles from different eras, offering a glimpse into its rich past. The Alameda Naval Air Museum, located nearby, pays homage to the neighborhood's ties to aviation history. This unique combination of community, history, and natural beauty makes West Alameda a sought-after destination for those seeking a serene yet engaging urban experience in Oakland. Walk Score - 87 Transit Score - 47 Bike Score - 87This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,793/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,793 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of at least 39% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers, guaranteeing a consistent pool of potential tenants who can readily seize vacant opportunities. Don't miss your chance to secure this extraordinary investment that promises both financial stability and growth potential.

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Attachments

Highlights

  • Owner/Occupy Opportunity: Live in the 4 bedroom, 2 bath 2,100 SQFT homes and offset your mortgage by $5,793/month.
  • Rare Unit Configuration: (1) four-bedroom, two-bathroom 2 story house and (4) two-bedroom, one-bathroom units
  • Strong In Place Cash Flow: $10,793/month income and $129,516/year. (100% occupied)
  • Promising Rental Upside: At least 39% upside in rents (1627 Santa Clara Ave)
  • Ample Off-Street Parking: 4-6 dedicated off-street parking spaces.
  • Modern In-Unit Laundry: In-unit laundry available in every unit
  • Spacious Basement: Discover the versatile basement.
  • Ideal Location: Nestled in a prime neighborhood, benefits from proximity to Target, Grocery Outlet, Alameda Theatre, Trader Joe's, shopping centers, ensuring a consistent pool of potential tenants who can readily seize vacant opportunities.

Contacts

broker

Jatin Mehta

Kite Hill Real Estate

(949) 929-9562

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable
  • Transit Score ®

    47/100 Some Transit
  • Bike Score ®

    87/100 Very Bikeable
Powered by Walk Score ®
  • City Alameda, CA
  • Neighborhood Central Alameda
  • Zip Code 94501
  • Market Bay Area

Points of Interest

  • Oakland-Jack London Square

    1.72 miles

  • Fruitvale

    1.78 miles

  • Lake Merritt

    1.81 miles

  • Oakland City Center - 12th Street

    2.33 miles

  • 19th Street BART Street Elevator

    2.53 miles

  • 19th Street Oakland

    2.58 miles

  • West Oakland

    3.11 miles

  • Coliseum

    3.47 miles

  • Oakland-Coliseum/Airport

    3.48 miles

  • MacArthur

    3.97 miles

  • Mobil

    0.36 miles

  • Lincoln Gas Station

    0.92 miles

  • Chevron

    0.95 miles

  • Arco

    0.96 miles

  • Safeway Fuel Station

    0.96 miles

  • Golden Gate Petroleum

    1.10 miles

  • Shell

    1.14 miles

  • 76

    1.15 miles

  • Chevron

    1.15 miles

  • Tesla Supercharger

    1.15 miles

  • CGX

    0.76 miles

  • Civic Center Parking Garage

    0.86 miles

  • Salvation Army Family Store Parking

    1.06 miles

  • Pho Ao Sen parking

    1.31 miles

  • Jack London Aquatic Center

    1.40 miles

  • Sun Sang Supermarket

    1.50 miles

  • Student Parking

    1.54 miles

  • Fruitvale BART Parking

    1.61 miles

  • Staff/Faculty Parking

    1.64 miles

  • Disabled Parking Lot

    1.65 miles

  • Marina Village Inn

    0.88 miles

  • Motel 6

    1.07 miles

  • Executive Inn & Suites

    1.10 miles

  • Best Western Plus Bayside Hotel

    1.11 miles

  • Neptune Palace Hotel

    1.12 miles

  • Hawthorn Suites By Wyndham-Oakland/Alameda

    1.13 miles

  • Homewood Suites by Hilton Oakland-Waterfront

    1.13 miles

  • Rodeway Inn

    1.23 miles

  • Coral Reef Inn

    1.26 miles

  • Continental Lodge

    1.35 miles

  • Alcapulco

    0.49 miles

  • Subway

    0.76 miles

  • Mile Rock Galley

    0.82 miles

  • Alameda Cinema Grill

    0.84 miles

  • Café Central

    0.86 miles

  • Zen Asian Fusion Tapas and Lounge

    0.87 miles

  • South Shore Cafe

    0.87 miles

  • Johnathan's Sandwich House

    0.88 miles

  • Kobe Ya

    0.88 miles

  • Hawaiian Drive-In

    0.88 miles

  • Son-Light Preschool

    0.27 miles

  • The Phillips Academy

    0.30 miles

  • Franklin Elementary School

    0.30 miles

  • Love Elementary School

    0.37 miles

  • Saint Joseph Elementary School

    0.42 miles

  • Saint Joseph Notre Dame High School

    0.46 miles

  • United States Naval Reserve Training Center

    0.64 miles

  • Alamed Christian School

    0.72 miles

  • Alameda High School

    0.74 miles

  • Donald D Lum Elementary School

    0.74 miles

  • East Bay Academy

    1.43 miles

  • Laney College Child Care Center

    1.62 miles

  • Kids Elite

    1.64 miles

  • The Lake School

    2.06 miles

  • Little Stars Pre-School

    2.09 miles

  • Family Bridges Lake Merritt Child Care Center

    2.12 miles

  • Starlite Child Development Center

    2.18 miles

  • Small Trans Depot

    2.72 miles

  • New Day Preschool

    2.84 miles

  • Harbour Bay Kinder Care

    2.94 miles

Frequently Asked Questions

What is the lease rate for 5-Units | West Alameda?

Rental asking rate at 5-Units | West Alameda is $975,000.00/YR.

What is the total square footage of 5-Units | West Alameda?

5-Units | West Alameda totals 6,219 square feet.

When was this property built?

5-Units | West Alameda was built in 1954.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Jatin Mehta

Kite Hill Real Estate

(949) 929-9562