954 Park St
Alameda, CA 94501
Active for $2,324,800
Beds: N/A Baths: Structure Size: N/A sqft Lot Size: 7,421 sqft
| MLS | 41071227 |
| Year Built | 1910 |
| Property Type | |
| County | Alameda |
| Status | Active |
| Active | $2,324,800 |
| Structure Size | N/A sqft |
| Lot Size | 7,421 sqft |
| Beds | N/A |
| Baths |
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'.
Listing information courtesy of: Rich Krinks, BHHS Drysdale Properties . *Based on information from the Association of REALTORS/Multiple Listing as of 11/13/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Location
Contact a Local Realtor®
Sevag Demirjian
REALTOR®
Direct: 818.669.5174
Email: Email Me
DRE: 02114440
DRE #01873088
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