2060 San Antonio Ave - Apartments FOR SALE


Alameda, CA 94501
$3,495,000 USD
510-725-4775
2060 San Antonio Ave, Alameda, CA for Sale
$3,495,000 USD
Apartments - FOR SALE
1/25
null | 5.8% Cap Rate

2060 San Antonio Ave
Alameda, CA 94501


HIGHLIGHTS

  • Fully Reconstructed in 2023: Featuring Newly-Renovated Units with Brand New Appliances and Immaculate Finishes
  • Delivered 100% Occupied by Stable & Paying Tenant Base at Market Rent
  • Set on a 7,500 SF Lot, Boasting 1:1 Off-Street Parking, Onsite Laundry, and Ample Storage Space
  • Prime Location in Alameda's Highly-Rated School Districts: Just Blocks to Parks, Restaurants, Shopping at South Shore Center, and Ample Public Transpo

OVERVIEW

The structure contains seven (7) units, boasting an ideal mix comprised of one 4bd/2bth, one 3bd/2bth, one 3bd/1bth, one 2bd/1bth, two 1bd/1bth, and one studio apartment. The property was fully reconstructed in 2023, offering a sleek exterior design, newly-renovated units, and low-maintenance landscaping. All units feature spacious floor plans with immaculate finishes throughout, including updated kitchens, bathrooms, and brand new stainless-steel appliances. Current rents are stabilized at market rate, providing a rare opportunity to acquire a cash flowing asset with no delinquencies or deferred maintenance. The building is set on a large 7,500 SF lot, featuring a 1:1 off-street parking ratio, onsite laundry, and ample storage space. 2060 San Antonio offers a prime location, situated just blocks to Alameda Hospital, shopping & dining at the South Shore Center, and ample public transportation options. Nestled alongside the San Francisco Bay, Alameda’s South Shore is a scenic suburban community with a tranquil atmosphere and fantastic retail options. The heart of the community is the sprawling South Shore Center, an outdoor mall brimming with national retailers and restaurants as well as independent businesses and local Alameda favorites. South Shore Center prides itself on being a hub for the community, hosting a bevy of year-round events that include cultural festivals and free concert series for everyone. As South Shore continues to grow, more and more apartments and houses are becoming available for rent. Ferry access and close proximity to the 880 makes getting around from South Shore simple. EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

FOR SALE DETAILS

PRICE

$3,495,000 USD

PRICE/SF

$690 USD /SF

# OF UNITS

7

PRICE/UNIT

$499,286

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2023 Construction & Fully Occupied

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2023

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-S

APN/PARCEL ID

071-0244-040-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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