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 Farmers 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).
41057405
Business Opportunities, Other
Alameda
1926
0.11
Acres
Public
Stucco
Public Sewer
3,008
Sq. Ft.
Yes
GOLD COAST
All Public Utilities
Detailed Room Information
- Laundry
- In Garage, Washer/Dryer Hookups
Interior Features
- Appliances
- Free-Standing Range, Refrigerator, Gas Water Heater
- Flooring
- Hardwood, Tile, Vinyl, Carpet
- Cooling
- None
- Heating
- Other. .
- Basement
- None
- Energy
- 0| 1|
- Security
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Additional Interior Features
- Storage
Exterior / Lot Features
- Parking
- 3 Parking Spaces. 0 Covered Parking Spaces. Detached, Garage Faces Side, Garage, On Street, See Remarks, Side Yard Access.
- Exterior
- Stucco
- Roof
- Shingle
- Fence
- Partial
- Additional Exterior/Lot Features
- Garden. Back Yard, Corner Lot, Front Yard, Garden, Landscape Misc, Level, Regular, See Remarks.
Community Features
- Security Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Complex Features
- Carbon Monoxide Detector(s), Smoke Detector(s)
Financial Considerations
7233413
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