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$ 3,100,000
Est. payment | /mo
0.36 Acres Lot
$ 3,100,000
Est. payment | /mo
0.36 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82036853
HOA Y/N No
Year Built 1962
Annual Tax Amount $47,797
Lot Size 0.358 Acres
Property 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.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning R-4-PD
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Total Parking Spaces 14
Schools
School District Alameda City Unified
Others
Tax ID 0740436030
Special Listing Condition Standard
Listed by Adam Richardson Marcus & Millichap #02205735
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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