8-Units | Central Alameda

Alameda, an island city in the San Francisco Bay, offers real estate investors a unique blend of coastal charm and urban convenience. Located just minutes from downtown San Francisco and Oakland, Alameda provides easy access to major employment hubs while maintaining a serene, small-town atmosphere. Its robust public transportation network, including ferry services and proximity to major highways, ensures seamless connectivity for residents. The city's rich history, stunning Victorian architecture, and well-preserved natural beauty further enhance its appeal as a desirable residential area. Investing in Alameda's apartment buildings presents a lucrative opportunity due to the city's strong rental market. Driven by a diverse population of professionals, families, and students, the demand for rental properties remains high. Alameda's quality of life, characterized by excellent schools, safe neighborhoods, and a plethora of recreational activities, attracts long-term tenants. The city's commitment to sustainable development and green initiatives makes it an attractive choice for environmentally conscious residents, ensuring stable occupancy rates and promising returns on investment. Alameda's proactive approach to economic development further bolsters its attractiveness to real estate investors. Ongoing revitalization efforts, such as the redevelopment of the former naval base into the thriving Alameda Point, are transforming underutilized spaces into vibrant, mixed-use communities. These projects increase the city's housing stock and enhance its commercial and recreational amenities. By investing in Alameda's apartment buildings, investors can capitalize on the city's growth trajectory and benefit from rising property values spurred by these developments. Scores Walk Score - 87 Transit Score - 48 Bike Score - 82For the first time in 63 years, this rare opportunity presents itself—1826 Santa Clara Ave, a charming 8-unit cottage-style property on Santa Clara Ave in Alameda. Each of the one-bedroom, one-bath units offers over 760 square feet of living space, situated on an expansive 20,750 square foot lot. The units feature beautiful wooden-beamed ceilings, large windows that fill the space with natural light, and offer picturesque views of the lush surroundings, creating a warm and inviting atmosphere for residents. This income-generating property boasts strong in-place cash flow, producing $16,595 in monthly revenue, totaling $199,140 annually. Additional conveniences include on-site coin-operated laundry facilities and eight garages at the rear of the property, ensuring both comfort and ease for tenants. The property has also seen a long list of capital improvements, including a full remodel of the front unit, replacement of the central driveway, and sewer lateral compliance in 2024. Ideally located in a highly desirable neighborhood, this property is surrounded by excellent schools and provides a safe, family-friendly environment. The vibrant community and prime location make this an exceptional investment opportunity for anyone looking to own a piece of Alameda's charming real estate.