CA > Alameda > Park St District
Alameda, CA 94501,954 Park St
Alameda, CA 94501,954 Park St
Alameda, CA 94501,954 Park St
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,925,000
Est. payment /mo
7,422 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Park St District

MLS Listing ID 41109306

HOA Y/N No

Year Built 1910

Lot Size 7,422 Sqft

Property 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 7.41%. 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'.

Location

State CA

County Alameda

Zoning R-4

Interior

Heating See Remarks

Cooling None

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 8

Building

Lot Description Street Level

Others

Tax ID 7018144

Read Less Info
CRMLS – RECore
Listed by Rich Krinks BHHS Drysdale Properties
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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