954 Park St
Alameda, CA 94501
- – beds
- – baths
- – sqft
- 7,421 sqft lot
- 1910 build
- – on site
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.
Last checked:
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Last updated Oct 17, 2024
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MLS# 41071227 —
The Building
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Year Built:1910
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Construction Materials:Wood Siding
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Roof:Shingle
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Total Number Of Units:6
Location
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Directions:Otis then north on Park Street Cross Street: Otis.
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Latitude:37.75874000
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Longitude:-122.24706500
The Property
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Property Type:Residential Income
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Zoning:R-4
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Lot Features:Level with Street
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Lot Size Area:7421.0000
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Lot Size Acres:0.1704
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Lot Size SqFt:7421.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4282/3
The Listing
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Parcel Number:7018144
Heating & Cooling
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Heating:1
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Heating:See Remarks
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Cooling:Yes
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Cooling:None
Parking
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/28/24
Aug 28, 2024
|
Listed / Active | CRMLS_CA | $2,324,800 |
