Location, location, location! Great investment/income property in the heart of Alameda. Great potential with this 6 unit apartment building that features front unit 3BR and 2 baths with a single car garage attached. The other 5 units are 2 BR and 1 bath and each unit has designated parking spots on premises. Windows updated in 2020. Building exterior painted and front shingles replaced in 2023. 100 Gallon Water Heater installed in 2025. Community laundry room with leased coin operated washer and dryer. Convenient access to all levels of public schools, South Shore shopping center and public transportation.
Rare investment opportunity featuring two separate homes on one lot, each with its own private outdoor space. Both units are currently rented, providing immediate and stable income. Each home offers strong tenant appeal with hardwood floors, in-unit laundry, and distinctive character. The front residence is a three-bedroom, one-and-a-half-bath home with a large basement and a recently painted exterior, offering long-term durability and potential added value. The rear residence is a two-story home with three spacious bedrooms and two bathrooms, including a bedroom on the main level—ideal for flexible living arrangements and broad rental demand. Located minutes from Park Street and South Shore Center, and close to Crown Memorial State Beach, this centrally located Alameda property benefits from consistent rental demand, walkable amenities, and a highly desirable coastal location. An excellent opportunity for investors seeking a multi-unit property with solid cash flow, long-term appreciation, and future upside in one of Alameda’s most sought-after neighborhoods. Now if your time to start or add to your Investment Portfolio or for future Multi Generational Living in Alameda. Viewings By Appointment.
Courtesy: Golden Gate Sothebys International Realty
510-542-2600
7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate! Views: Downtown
Situated on a large waterfront corner lot on one of Alameda's iconic, picturesque lagoons, this gracious wood-shingle Craftsman triplex offers unobstructed water views, vintage charm and a convenient Bronze Coast location. A legal triplex, the property has verifiable past income from two second floor studios that include a kitchen, bathroom, bedroom and a separate entrance, with both offering lagoon views, access to basement laundry and the spacious shared backyard. The sunny main floor owner's unit has a living/dining room, 2 BR, 2 BA, a kitchen and in-unit laundry. A charming waterfront boathouse includes a kitchenette, BA and studio, making it ideal for artists, visiting guests, a workshop or home office. The recipient of an Alameda Architectural Preservation Society Award in 2022, this elegant home presents many versatile owner options; maintaining the home as an income-producing triplex, taking advantage of separate living spaces for multi-generational living, or potentially converting the home into an expansive single family residence. Located at the end of a cul de sac, the home is just minutes to South Shore Center amenities + convenient to the beach and Park Street’s many shops and restaurants. A rare ownership and/or investment opportunity!
Courtesy: Compass
510-254-3831
This spectacular 6-unit property is a true one of a kind. Amazing curb appeal with a beautiful Mediterranean style duplex towards the front of the lot and a 4-unit apartment building behind it. All of the units have been well taken care of and all have been updated in recent years (Unit A is the only one not updated). Great tenants in all of the units, almost all with current market rents. Plenty of parking with one designated space per unit. One unit is vacant and recently updated, so it's ready to be owner occupied or fill with the tenants of your choice. Mozart is a one block tree-lined street with lots of beautiful Victorians, an absolute prime Alameda location. Four of the units have two bedrooms and two of the units have one bedroom.
Exceptional investment opportunity in the heart of Alameda! This well-situated multi-unit property features five (5) one-bedroom, one-bath residences, each with its own one-car garage, plus two detached storage buildings, all on a generous 10,000 sq ft lot. Built circa 1885 with approximately 3,231 sq ft of building area, it offers a solid income stream with excellent future potential. Each unit enjoys private garage parking, appealing to tenants and owners alike. The large lot provides possibilities for expansion, upgrades, or redevelopment (buyer to verify with city). Located in desirable Central Alameda, near dining, shopping, and Bayfront amenities. A rare chance to own a well-maintained, income-producing property with room to grow—1606 Morton Street delivers both stability and upside in one of the Bay Area’s most sought-after markets.
Great Opportunity for Contractor, Builder, Owner Occupied or Investment / A Resolution of the Planning Board of the City of Alameda Approving Design Review Application to Allow Construction of a New 3,316 Sq. Ft. Mixed-Use Two-Story Building at Total Lot of 4,965 Sq. Ft. / With One Retail Unit (1st Floor) and Two Residential Units (2nd Floor) / 1,571 Sq. Ft. (1st Floor) and 1,677 Sq. Ft. (2nd Floor) / Previous Use: Dimitras Sandwiches To Go / Zoning: C-C-T (Community Commercial and Theater Combining Zoning District) / Rare Property With Big Private Parking Lot at Park St. / Located in the Heart of Alamedas Shopping District / Excellent Access to I-880 and State Route 61 / Within One Mile to South Shore Center and Beach / One Block to Chochenyo Park / Unique Opportunity Offers Lots of Possibilities
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.
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $161,500 and the CAP rate goes to 9.94%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.
Fantastic Investment Opportunity - Mixed-Use Building. Don't miss this exceptional opportunity to own a well-maintained mixed-use property featuring two ground-floor storefronts and two residential units above. Each residential unit offers 2 bedrooms, 1 1/2 bathroom, and convenient in-unit laundry. All four units are tenant-occupied, providing immediate rental income - ideal for investors looking for stable cash flow. Prime location with excellent street visibility for the commercial units and comfortable living spaces above. Please do not disturb tenants. Showings by appointment only with 24 to 48 hours' notice.
This unique 3-unit mixed use property is located in the heart of City of Alameda w/ an excellent walkability and exuberant vibes. Steps to Grand Street where is a showpiece of elegant architectural styles. The property is a true gem in between the choicest and prettiest residence district and the vibrant commercial district. Professionally managed/ tenant fully occupied building with a rental income at $120,960/ year. Unit 1707: SAGA Kitchen, 2,460 sqft. Unit 1707B: Residential 3bd, 2bathrooms, 1,397 sqft. Unit 1709: SAGA Kitchen, 743 sqft. All tenants pay their utilities. Ample storage areas in Attic and Basement. Private 2-car Driveway Parking.
Classic mixed use building in the heart of Alameda, centrally located in the historic Morton St station, the property consists of 3 commercial units and 5 residential apartments. The property borders the desirable Gold Coast with local shops, Franklin park and public transportation all within a short distance. Commercial tenants include The Benton, a local bar which occupies 2 spaces and Elegant Nails, residential tenants consisting of 2 studios two 1 bedroom apartments and a spacious upper 2 bedroom 1 bath.
Courtesy: Green Bridge Properties
510-910-5204
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS®, but is not warranted. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Alameda is located in California. Alameda, California has a population of 78,320. Alameda is more family-centric than the surrounding county with 37.89% of the households containing married families with children. The county average for households married with children is 36.75%.
The median household income in Alameda, California is $113,339. The median household income for the surrounding county is $112,017 compared to the national median of $69,021. The median age of people living in Alameda is 40.6 years.
The average high temperature in July is 71.4 degrees, with an average low temperature in January of 44.1 degrees. The average rainfall is approximately 21.9 inches per year, with 0 inches of snow per year.
