954 Park St, Alameda CA, 94501

Active

954 Park St

Alameda CA, 94501

$2,324,800

Active

Residential

Built in 1910

Listed by Rich Krinks with BHHS Drysdale Properties 510-523-1144

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'.

41071227

MLSⓇ ID

August 28, 2024

Listed

October 18, 2024

Updated

Map

954 Park St
Alameda CA, 94501

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: None
Heating: Yes
Heating Description: See Remarks

Exterior/Building Features

Lot Size: 0.17 Acres
Lot Features: Street Level
Roof: Shingle

Other Property Details

Days on Market: 50
Garage: No
Parking Total: 8
View: No
County: Alameda
Pool: No
Zoning: R-4

Listing Contact: 510-523-1144

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/18/2024 at 12:47 PM UTC