2229 Clinton AveAlameda, CA 94501

Property Details for 2229 Clinton Ave

Year built

1965

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

3,328 SF

Property type

Residential income properties

Property subtype

Other apartment buildings

APN

71-213-17

APU

7121317

Description

This exceptional Alameda investment property presents a rare opportunity to acquire a thriving five-unit multi-family building situated on a 0.17-acre lot at 2229 Clinton Avenue. The property boasts a total of 3,328 square feet and comprises four generously sized 2-bedroom, 1.5-bathroom units and one expansive 3-bedroom, 2.5-bathroom unit, catering to a diverse range of tenant needs. Each unit is equipped with a full suite of modern appliances, including an electric oven/stove top, refrigerator, and dishwasher, ensuring tenant comfort and convenience. Four of the units enjoy the added benefit of private backyard spaces, providing a tranquil retreat for residents. Covered off-street parking is available for each unit, eliminating the hassle of street parking. A shared laundry room further enhances the property's appeal and practicality. Adding to the communal amenities, a fenced outdoor patio at the rear of the building offers a shared space for relaxation and socializing. Priced at $1,950,000, this property represents a compelling investment opportunity with strong rental income potential and desirable features that attract and retain high-quality tenants. The property's location in Alameda offers easy access to local amenities, transportation, and employment centers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,905,975

  6.5%

  $1,759,362

  7%

  $1,633,693

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,703,786

  Geo Method

  $1,438,729

• Alternative Use

  Use

  Valuation

  Residential

  $1,759,362

  Hospitality

  $1,611,566

  Educational

  $1,340,804

  Medical

  $1,386,916

  Retail

  $2,085,695

Location Insight

City

Alameda

County

Alameda

State

California

Latitude

37.7614

Longitude

-122.249

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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