954 Park St

Alameda, CA 94501

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 7421
    Sqft(Lot)
$2,324,800

Description

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'.

  • Property Type

    Residential Income

  • County

    Alameda

  • Style

    Residential Income

  • AD ID

    46768941

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Roof : Shingle

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • See Remarks
    • Has Heating

  • Building Information

    • Year Built: 1910
    • Construction: Wood Siding
    • Roof: Shingle

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1704
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7421

  • Listing Price Information

    • Original List Price: 2,324,800
    • Listing Contract Date: 2024-08-28

    Lease Information

  • Tax Information

    • Parcel Number: 7018144

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Directions: Otis then north on Park Street Cross Street: Otis.
    • Zoning: R-4
    • Source Property Type: Residential Income

    Building and Construction

    • Property Age: 114
    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/21/2024 @ 16:49

  • MLS: 41071227
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 7,421 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Alameda , in zip code 94501, this Alameda County Home , it is in the FERNSIDE DIST Subdivision, are nearby neighborhoods.