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Jeffrey Bullock

[email protected]

$ 1,625,000

Est. payment -/mo

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Price Dropped by $300K

954 Park St Alameda, CA 94501

7,422 Sqft Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Park St District

MLS Listing ID 41109306

HOA Y/N No

Year Built 1910

Lot Size 7,422 Sqft

Property Description

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'.

Location

State CA

County Alameda

Zoning R-4

Interior

Heating See Remarks

Cooling None

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 8

Building

Lot Description Street Level

Others

Tax ID 7018144

Listed by Rich Krinks BHHS Drysdale Properties

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

9

Yu Ming Charter

Public | KG - 8
9

American Indian Public Charter School II

Public | KG - 8
9

Donald D. Lum Elementary School

Public | KG - 5
9

Bay Farm School

Public | KG - 8
9

Amelia Earhart School

Public | KG - 5
9

Edison Elementary School

Public | KG - 5
8

Lincoln Elementary School

Public | KG - 5
8

Franklin Elementary School

Public | KG - 5
7

Henry Haight Elementary School

Public | KG - 5
7

Cleveland Elementary School

Public | KG - 5
7

Otis Elementary School

Public | KG - 5
6

Nea Community Learning Center

Public | KG - 12
6

Sequoia Elementary School

Public | KG - 5
5

Paden Elementary School

Public | KG - 5
5

Maya Lin School

Public | KG - 5
5

Bella Vista Elementary School

Public | KG - 5
5

Manzanita SEED Elementary School

Public | KG - 5
5

Ascend

Public | KG - 8
4

Ruby Bridges Elementary School

Public | KG - 5
4

Franklin Elementary School

Public | KG - 5

Middle Schools 16

10

Lincoln Middle School

Public | 6 - 8
8

Alameda Community Learning Center

Public | 6 - 12
7

The Academy of Alameda

Public | 6 - 8
7

Edna Brewer Middle School

Public | 6 - 8
6

Encinal Jr. & Sr. High School School

Public | 6 - 12
5

Wood Middle School

Public | 6 - 8
5

Oakland Charter Academy

Public | 6 - 8
5

Life Academy

Public | 6 - 12
3

Roosevelt Middle School

Public | 6 - 8
1

Urban Promise Academy

Public | 6 - 8
1

United for Success Academy

Public | 6 - 8
1

Bret Harte Middle School

Public | 6 - 9
0

Encinal Junior Jets

Public | 6 - 8
0

Children's Learning Center

Private | 6 - 12
0

St Elizabeth High School

Private | 8 - 12
0

Fred Finch-Oakland Hills Academy

Private | 8 - 12

High Schools 14

9

Alameda Science and Technology Institute

Public | 9 - 12
9

Oakland Charter High School

Public | 9 - 12
9

Alameda High School

Public | 9 - 12
5

Arise High School

Public | 9 - 12
3

Metwest High School

Public | 9 - 12
1

Gateway to College at Laney College

Public | 9 - 12
1

Fremont High School

Public | 9 - 12
0

East Bay Regional Occupation Center/Agency (ROC/P)

Public | 9 - 12
0

Bay Area School of Enterprise

Public | 9 - 12
0

Island High (Continuation)

Public | 9 - 12
0

Civicorps Corpsmember Academy

Public | 9 - 12
0

Dewey Academy

Public | 9 - 12
0

St Joseph Notre Dame High School

Private | 9 - 12
0

California Crosspoint High School

Private | 9 - 12

School and business data provided by Attom Data.

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