1523 Verdi St, Alameda, CA 94501
1523 Verdi St, Alameda, CA 94501
1523 Verdi St, Alameda, CA 94501
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$2,395,000
Est. payment /mo
7,609 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Alameda

MLS Listing ID 41110185

HOA Y/N No

Year Built 1890

Lot Size 7,609 Sqft

Property Description

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1527 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner's unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property's long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

Location

State CA

County Alameda

Interior

Heating Forced Air

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Roof Type Shingle

Building

Lot Description Street Level

Others

Tax ID 7338912

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Listed by Jason Pugao Keller Williams Tri-Valley #01908325

Nearby Locations

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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