1629 Santa Clara Ave, Alameda, CA 94501
$1,800,000
$1,800,000
Est.Price: ?

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10,497 Sqft Lot

1629 Santa Clara Ave Alameda, CA 94501

Est. payment /mo
SOLD DATE : 07/29/2024

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Key Details

Sold Price $1,800,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 41042026

Sold Date 07/29/24

HOA Y/N No

Year Built 1954

Lot Size 10,497 Sqft

Property Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,886/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,886 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of 70% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers.

Location

State CA

County Alameda

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Total Parking Spaces 4

Others

Tax ID 072 031802600

Financing Conventional

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Listed by Jatin Mehta Pellego #02045713
Bought with Stephen Ung Re/Max Accord
Jessica Lam

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