500 Buena Vista AVE, Alameda, CA 94501
500 Buena Vista AVE, Alameda, CA 94501
500 Buena Vista AVE, Alameda, CA 94501
500 Buena Vista AVE, Alameda, CA 94501
500 Buena Vista AVE, Alameda, CA 94501
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John Faylor

John Faylor

+1(408) 605-8133
Listed by Adam Richardson • Marcus & Millichap, DRE#02205735
$ 3,100,000
Est. payment | /mo

2 Beds

1 Bath

7,592 SqFt

Save
$ 3,100,000
Est. payment | /mo
Save

2 Beds

1 Bath

7,592 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,592 sqft

Price per Sqft $408

MLS Listing ID ML82036853

Bedrooms 2

Full Baths 1

Year Built 1962

Lot Size 0.358 Acres

Property Sub-Type Five or More Units

Property Description

The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation.

Location

State CA

County Alameda

Area Alameda Map Area 4

Building/Complex Name 500 Buena Vista

Zoning R-4-PD

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Assigned Spaces

Community Features None

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Tar and Gravel

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Water On Site

Others

Restrictions None

Tax ID 074-0436-030

Security Features None

Special Listing Condition Not Applicable

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Nearby Locations

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John Faylor
John Faylor

Realtor | Lic# 1065896

+1(408) 605-8133

285 Bel Ayre Drive, Clara, CA, 95050

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500 Buena Vista AVE