500 Buena Vista Ave, Alameda, CA 94501
10 Unit Apartment Building | $3,000,000 ($300,000/Unit) | 5.05% Cap Rate | Alameda, CA 94501
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,000,000
- Property Type
-
Multifamily
- Square Feet
- 7,592 SF
Listing Contacts
Adam Richardson
Verified Profile
Adam Levin
Verified Profile
Robert Johnston
Verified Profile
- Property Info
Property Overview
500 Buena Vista Ave is a well-maintained 10-unit multifamily asset situated in the thriving city of Alameda, California.
Situated on a 15,600 square foot parcel of land, the subject property was originally constructed in 1962 and offers a gross building area of approximately 7,592 square feet. The subject property consists of beautifully designed two-bedroom floor plans with convenient tenant amenities including on-site laundry and private parking. The subject property has also undergone capital improvements including new electrical panels and a full parking-lot repavement in 2024.
Alameda is a well-located city in the East Bay and is known as “The Island”. The city occupies two islands as well as a section of mainland that connects directly to Oakland. Located directly across from Oakland, Alameda provides tenants and residents with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others.
In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 500 Buena Vista Ave is located in a desirable neighborhood situated within a few blocks from Webster St, featuring a myriad of diverse retail shops, dining and entertainment options. In addition, the subject properties offer easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185 as well as many others.
The investment appeal of this asset is driven by Alameda’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 500 Buena Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Situated on a 15,600 square foot parcel of land, the subject property was originally constructed in 1962 and offers a gross building area of approximately 7,592 square feet. The subject property consists of beautifully designed two-bedroom floor plans with convenient tenant amenities including on-site laundry and private parking. The subject property has also undergone capital improvements including new electrical panels and a full parking-lot repavement in 2024.
Alameda is a well-located city in the East Bay and is known as “The Island”. The city occupies two islands as well as a section of mainland that connects directly to Oakland. Located directly across from Oakland, Alameda provides tenants and residents with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others.
In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 500 Buena Vista Ave is located in a desirable neighborhood situated within a few blocks from Webster St, featuring a myriad of diverse retail shops, dining and entertainment options. In addition, the subject properties offer easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185 as well as many others.
The investment appeal of this asset is driven by Alameda’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 500 Buena Vista Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.
Property Details
- Class
- C
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 15,682 SF
- Units
- 10
Highlights
- Investors have the opportunity to acquire a well-situated pride-of-ownership asset in the thriving city of Alameda, CA.
- 500 Buena Vista Ave has undergone extensive capital improvements including new electrical panels and a fully repaved parking lot.
- The subject property is situated just blocks from the major thoroughfare Webster St, featuring close proximity to a myriad of diverse retail shops.
- 500 Buena Vista Ave offers tenants convenient access to the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980 and CA State Route 185.
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