Sold
1629 Santa Clara Ave
Alameda CA, 94501
$1,800,000
$289.44 per sqft
Sold
6,219 sqft
Multi-family
Built in 1954
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
41042200
MLSⓇ ID
October 18, 2023
Listed
November 21, 2024
Updated
Map
1629 Santa Clara Ave
Alameda CA, 94501
Interior Features
Interior Features
Storage
Floor Description
Hardwood, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
No Air Conditioning
Heating
Yes
Heating Description
Electric
Exterior/Building Features
Lot Size
0.24 Acres
Exterior Features
No Yard
Lot Features
Regular
Other Property Details
Area Name
Alameda
Garage
No
Parking
Off Street
View
No
County
Alameda
Pool
No
Listing History
Date | Event | Price |
---|---|---|
7/29/2024 | Sold | $1,800,000 |
6/10/2024 | Pending | — |
6/8/2024 | Price change | $1,800,000 -6% |
5/24/2024 | Active | — |
5/24/2024 | Price change | $1,899,000 -3% |
4/2/2024 | Pending | — |
2/16/2024 | Price change | $1,950,000 -3% |
Listed by Jatin Mehta with Pellego
Listing Contact: 949-929-9562
Bay East ©2024 CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 8:50 PM UTC, 11/21/2024.