2507 Clement Ave, Alameda, CA 94501
$1,490,000
$1,490,000
Est.Price: ?

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6,969 Sqft Lot

2507 Clement Ave Alameda, CA 94501

Est. payment /mo
SOLD DATE : 10/31/2023

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Key Details

Sold Price $1,490,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Subdivision Alameda

MLS Listing ID 41036079

Sold Date 10/31/23

HOA Y/N No

Year Built 1915

Lot Size 6,969 Sqft

Property Sub-Type Quadruplex

Property Description

Great condition and high income earner in much sought after Alameda. This listing comprises two duplexes, the first (2501 & 2503 Clement) having two one-bedroom units, and the second (2507 & 2509 Clement) having two two-bedroom units. All units have one bath. Recent renovation and upgrades to multiple units include all new permitted 220v electrical wiring throughout, new baseboard heaters throughout, new electric water heaters, and many other upgrades. Tenants are stable and pay on time, and one two-bedroom unit likely vacant soon presents the opportunity to charge full market rate. Most recently leased unit has new carpet, paint, appliances, kitchen, and bath. Supreme walkability to super market (Nob Hill Foods), as well as downtown Alameda with its shops, restaurants, theatre, and other services. Excellent school district. Easy commute to freeway or BART (less than a mile away across Fruitvale Bridge). This pair of duplexes are ready to pass on to the next lucky investor. Please note that official address with the County is 2507 Clement, but the unit addresses are 2501 - 2509 Clement.

Location

State CA

County Alameda

Interior

Heating Wall Furnace

Flooring Carpet, Laminate, Wood

Fireplace No

Appliance Gas Water Heater

Exterior

Parking Features On Street

Roof Type Shingle

Total Parking Spaces 2

Building

Lot Description Back Yard, Corner Lot, Street Level, Yard

Sewer Public Sewer

Others

Tax ID 7001961

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Financing Conventional

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Listed by Steve Cressy BHHS Drysdale Properties #00765911
Bought with Stephen Ung Re/Max Accord
Jessica Lam

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