1501 Encinal Ave
Alameda, CA 94501

  • – beds
  • – baths
  • – sqft
  • 4,800 sqft lot
  • 1926 build
  • on site

1501 Encinal Avenue in Alameda is a rare opportunity for investors looking for a charming 6-unit building in a prime location. The property is centrally located on the edge of the desirable Gold Coast neighborhood close to Franklin Park, recreation, retail, easy transportation options to San Francisco, the Alameda Farmer’s Market, the famed Alameda Beach, Alameda Point attractions, and more. The building is situated in historic Morton Station amid iconic Victorians and tree-lined streets and offers 6 studio apartments providing a delightful living experience for tenants. The property also offers a 3 garage spaces and 5 storage units for additional income opportunity. In the rear of the property there is a delightful yard for barbeques, container gardening, and relaxation. There is also an opportunity to create a laundry room in a storage unit adjacent to the garage with existing hook ups. Additionally, the building offers 1 unit delivered vacant. Tenants are responsible for electricity and gas while the owner is responsible for water, sewer, and garbage. The property offers strong yearly income of approximately $106,908 (when 100% occupied and two planned rent increases are in place).

California Regional MLS logo Listed By CRMLS_CA / Johanna Hall / BHHS Drysdale Properties

Last checked: Checking… • Last updated Apr 30, 2024 •

MLS# 41057405 —

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Sale history

Date Event Source Price % Change
4/29/24
Pending CRMLS_CA $1,130,000
4/25/24
Listed / Active CRMLS_CA $1,130,000

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$1,130,000

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Listing provided by broker:

Johanna Hall

BHHS Drysdale Properties

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This multifamily located in Gold Coast, Alameda, CA 94501 is currently pending sale for $1,130,000. 1501 Encinal Ave is a – square foot multifamily with – beds and – baths that has been on Estately for 10 days. 1501 Encinal Ave is in the Gold Coast neighborhood of Alameda and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Franklin Elementary School, Will C. Wood Middle School, and Encinal Jr Sr High School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and BHHS Drysdale Properties. Based on information from California Regional Multiple Listing Service, Inc. as of 08:31 on May 05.

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