1523 Verdi St, Alameda, CA 94501

$2,395,000

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Listed by Jason Pugao, (510) 472-6916 from Keller Williams Tri-Valley
(If provided) CoList: Guy Blume from KW Advisors East Bay

List Price
$2,395,000
Price Change
▼ $100,000 1769480071
MLS#
BE41110185
Status
ACTIVE
Lot Size
7,612
Listing Area
Alameda Map Area 3
Year Built
1890

Property Description

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1527 Verdi, is currently vacant-an opportunity to capture market rents immediately or utilize as an owner's unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property's long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential-an ideal addition to any investment portfolio.

Additional Information

Acres
0.18
Amenities
Balcony/Patio
Cooling System
None
Exterior Features
Siding - Vinyl, Siding - Wood
Floor Covering
Tile, Vinyl, Carpet - Wall to Wall, Hardwood
Garage Parking
Assigned Spaces
Heating System
Heating - 2+ Zones
Lot Description
Grade - Level, Regular
Lot Size
7,612
Neighborhood
Alameda Map Area 3
Numberof Units
6
Other Rooms
Basement - Storage Area, Basement - Partial
Roof
Composition
Unincorporated Yn
Yes

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Calculator source: Real Geeks

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