$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
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 41042200
Sold Date 07/29/24
HOA Y/N No
Year Built 1954
Lot Size 10,497 Sqft
Property Sub-Type Quadruplex
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, guaranteeing a consistent pool of potential tenant
Location
State CA
County Alameda
Interior
Heating Electric
Flooring Carpet, Wood
Fireplace No
Exterior
Parking Features On Street
Total Parking Spaces 4
Building
Sewer Public Sewer
Others
Tax ID 072 031802600
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Stephen Ung • Re/Max Accord