1820 3rd St, Alameda, CA 94501 - Berkshire Hathaway HomeServices California Properties

1820 3rd St, Alameda, CA 94501

$1,600,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jose Cerda-Zein | jose@cerdazein.com
Lic#: 01403669
Broker: Courtesy of Cerda-Zein Real Estate

Agent Remarks

7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate! Views: Downtown

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 41084533
Price: $1,600,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1895
0.20 acres
Lot size: 0.2023
Subdivision: WEST END
County: Alameda
Construction: Wood Siding
Appliances: Dryer,Washer
Lot description: Corner Lot
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 2/10/2025

 Days On Market (DOM): 85

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Lat/Long: 37.777760, -122.287828.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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