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.

Powered byLuxury Presence