2046 San Antonio Ave - Apartments FOR SALE


Alameda, CA 94501
$1,875,000 USD
415-625-2159
2046 San Antonio Ave, Alameda, CA for Sale
$1,875,000 USD
Apartments - FOR SALE
1/3
null | 4.6% Cap Rate

2046 San Antonio Ave
Alameda, CA 94501


HIGHLIGHTS

  • Completely Upgraded Electrical
  • Large Floor Plans
  • Great Location near Downtown Alameda

OVERVIEW

Marcus & Millichap is pleased to present 2046 San Antonio Ave, a freestanding 5-unit building in Alameda. Located in the desirable Bronze Coast neighborhood of Alameda, 2046 San Antonio Avenue is a well-maintained 5-unit multifamily property offering an excellent investment opportunity. Built in 1970, this property is situated on a spacious 0.17-acre lot (7,500 square feet) and features a versatile unit mix, including: (1) 3-bedroom, 2 bathroom unit, (3) 2-bedroom, 2-bathroom units, and (1) 2-bedroom, 1-bathroom unit. The property has been upgraded with modern electrical panels and each unit is separately metered, ensuring efficiency and convenience for both tenants and ownership. 4 of the units have an individual parking space in the rear of the building and 1 unit has a garage space. The second garage space is used by the owner and can be rented out for additional income. All units are due for rental increases. This property is nestled in one of Alameda's most sought-after areas, offering tenants proximity to a variety of amenities and attractions. Residents can enjoy walking distance access to Alameda High School, Saint Joseph Notre Dame High School, and Alameda Hospital. Just a few blocks away are South Shore Center, a popular hub for shopping, dining, and entertainment, as well as the vibrant Park Street retail corridor, known for its local restaurants, cafes, and shops. Alameda's charm is further enhanced by its coastal lifestyle and unique attractions, including the USS Hornet Museum, Alameda Naval Air Station, and public beaches, all of which provide year round recreation. With its exceptional location, attractive unit mix, and recent electrical upgrades, 2046 San Antonio Ave. is an ideal asset for investors looking to capitalize on the strong demand for rental housing in Alameda.

FOR SALE DETAILS

PRICE

$1,875,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

5

PRICE/UNIT

$375,000

CAP RATE

4.6%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,713 SF

ZONING

R4, Alameda

APN/PARCEL ID

071-0244-036-00

ASK ABOUT THIS PROPERTY

Sam RuncoMarcus & MillichapMore Info
415-625-2159

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Sam RuncoMarcus & MillichapMore Info
415-625-2159

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.