MLS#ML82036853
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLAlameda City Unified
Listing Courtesy of:
Marcus & Millichap
Agency Phone: (650) 391-1700
Associate Name: Adam Richardson
Listing Shown by:
Farrell Smyth, Inc.
Agency Phone: 805-543-2172
Property Description
The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Wall Furnace
Lot Size: 0.36 Acres
Roof Type: Tar/Gravel
Taxes: $47,797
Year Built: 1962
Feature Descriptions
Days on Site: 3
Parcel#: 0740436030
Local Schools
School District: Alameda City Unified
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agency Phone: (650) 391-1700
Agent Name: Adam Richardson
Shown By
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
500 Buena Vista Avenue | MLS# ML82036853
This commercial property located at 500 Buena Vista Avenue, Alameda, CA 94501 is currently listed for sale with an asking price of $3,100,000. Buena Vista Avenue is located within the Alameda City Unified school district. Search Alameda real estate on www.farrellsmyth.com today.