1523 Verdi Street, Alameda, CA 94501
1523 Verdi Street, Alameda, CA 94501
1523 Verdi Street, Alameda, CA 94501
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Bay Area Eichler Homes

Bay Area Eichler Homes

+1(408) 506-3942
$2,200,000
Est. payment /mo
5,493 SqFt
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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,493 sqft

Price per Sqft $400

Subdivision Alameda

MLS Listing ID 41153164

HOA Y/N No

Year Built 1890

Lot Size 7,612 Sqft

Acres 0.18

Property Sub-Type Multi Family

Property Description

***100% Occupied*** 1523–1527 Verdi Street is a six-unit multifamily asset in Alameda's West End, on a roughly 7,612 SF lot (0.17 AC) in the Encinal Park area. There is about 5,493 SF of livable area across two structures. The detached rear building holds two units (1525 and 1527 Verdi), and each has its own private garage. The seller invested over $600,000 into the property, which cuts near-term capital needs for a new owner. Work includes a new concrete foundation, a tankless water heater, fresh exterior paint, a renovated storage area, new mailboxes, and a new deck and roof over 1527. Several units have fully renovated interiors. Tenants pay their own utilities through separate electric and gas meters, and coin-operated laundry on site adds income. The location supports steady rental demand. Webster Street's shops and restaurants are a short walk away, and Maya Lin Elementary is about 0.2 miles from the property. Commuters can reach the Posey/Webster Tubes to Oakland and I-880, the Alameda ferry to San Francisco, and AC Transit bus lines. College of Alameda and the Alameda Point redevelopment are nearby. The property combines historic character, recent capital improvements, and value-add opportunities in one of the East Bay's most supply-constrained rental markets.

Location

State CA

County Alameda

Rooms

Basement Partial, Storage Space

Interior

Heating Zoned

Cooling None

Flooring Hardwood, Tile, Vinyl, Carpet

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Individual Electric Meter, Individual Gas Meter

Building

Lot Description Level, Rectangular Lot, Front Yard, Garden, Landscaped

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 7338912


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Listed by Jason Pugao • Keller Williams Tri-Valley

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Bay Area Eichler Homes

Bay Area Eichler Homes

+1(408) 506-3942

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