$1,800,000
$1,800,000
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1629 Santa Clara Ave Alameda, CA 94501
10,497 Sqft Lot
Key Details
Sold Price $1,800,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41042026
Sold Date 07/29/24
HOA Y/N No
Year Built 1954
Lot Size 10,497 Sqft
Property Description
To access the marketing package copy/paste: https://bit.ly/kitehillre. This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,886/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,886 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of 70% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers.
Location
State CA
County Alameda
Interior
Heating Electric
Cooling None
Fireplace No
Exterior
Total Parking Spaces 4
Others
Tax ID 072 031802600
Financing Conventional
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Bought with Stephen Ung • Re/Max Accord