1815 Pearl St, Alameda, CA 94501

3 Unit Apartment Building | $1,650,000 ($550,000/Unit) | 3.54% Cap Rate | Alameda, CA 94501

Asking Price $1,650,000

Property Type: Multifamily
Square Feet: 3,269 SF

Listing Contacts

Steve Cressy

Verified Profile

Property Info

Property Overview

Great East End location in highly desirable SF Bay Area HCOL City! Two properties on one lot, single family split level 3-bedroom, 2.5-bath home plus duplex flats in rear, each consisting of two bedrooms and one bath. Home features include living room with fireplace, formal dining room with built in cabinetry and separate breakfast nook, lovely hardwood floors, and laundry area in basement. Separately metered for gas, electric, and water. Great income property with some deferred maintenance in the rear building. Front home in good condition with new water heater and furnace in 2021. Both properties with all new electrical in 2021 so NO KNOB and TUBE WIRING! Long driveway with 1-car garage. Great schools! Shopping center nearby. Excellent investor opportunity.

Property Details

Class: C
Year Built: 1939
Stories: 2
Lot Size (sq. ft): 6,534 SF
Units: 3

Highlights

First rate location on a quiet street in desirable East End neighborhood close to schools, services, transit
Large detached single family potential owner's home in front with income generating detached duplex in rear
Totally rewired and fresh exterior paint

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