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Sold for $1,415,000 on 12/06/24
  • $1,415,000

    1516 Sherman St, Alameda, CA 94501

    7beds
    4baths
    3,811sqft
    Multi Family
    Built in 1965
    -- sqft lot
    $1,665,800 Zestimate®
    $371/sqft
    $2,682 Estimated rent

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    $2,682/mo

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    $2,682/mo

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    $8,960/mo

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    $8,960/mo

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    What's special

    Spacious centrally located 5-unit property with multiple vacancies brimming with style and opportunity. Vacant detached 2-bed, 1-bath cottage in back with quad in front, offering two 1-bed units and two 2-bed units, the larger of which was updated in 2021 with new waterproof laminate flooring, kitchen countertops, cabinets, and gas stove. Ground floor vacant 1BR is ADA accessible. SFR features an open floor plan with central heating and AC, crown moldings, large dining room, newer kitchen with electric washer and dryer under solid countertops, dishwasher, gas stove and recessed lighting. Carpeted bedrooms are quiet and serene as the entire home is set far back from the street. Bath redone beautifully in 2010. BONUS- Garden room is set up as a family room that opens onto the private back patio and converted garage offers workspace/guest quarters. Entire building recently rewired to 400 amp service and new exterior paint throughout. Wall furnaces in all four units. Separately metered for gas and electric. One off-street parking space for each unit. Sewer compliant. Located near up-and-coming commercial area with new Savoy Market as well as multiple bus lines, and close to West End business district, parks, schools, ferry, and all that Alameda has to offer. Don't miss this one!

    Zillow last checked: 8 hours ago

    Listing updated: December 07, 2024 at 02:13am

    Listed by:

    Steve Cressy DRE #00765911 510-908-9018,

    Bhhs Drysdale Properties,

    Colin Blake DRE #02172587 415-676-8916,

    Bhhs Drysdale Properties

    Bought with:

    Ryan Dunn, DRE #01383592

    Coast + Co Real Estate

    Source: Bay East AOR,MLS#: 41073216MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    Heating
    • Forced Air, Wall Furnace
    Cooling
    • See Remarks
    Appliances
    • Included: Dishwasher
    Features
    • Updated Baths, Updated Kitchen, Shower Stall(s), Tub w/Shower Over
    • Flooring: Laminate, Carpet
    • Basement: None
    • Has fireplace: No
    Interior area
    • Total structure area: 3,811
    • Total interior livable area: 3,811 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Off Street, Parking Lot, Space Per Unit - 1
    Features
    • Patio & porch: Patio, Enclosed, Balcony/Patio
    • Exterior features: Garden
    Lot
    • Size: 7,405 sqft
    • Features: Level, Back Yard
    Details
    • Parcel number: 7234627
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Masonite, Stucco
    • Roof: Composition
    Condition
    • Year built: 1965

    Utilities & green energy

    • Utilities for property: Individual Electric Meter, Individual Gas Meter

    Community & neighborhood

    Security
    • Security features: Carbon Monoxide Detector(s), Double Strapped Water Heater
    Location
    • Region: Alameda

    HOA & financial

    Other financial information
    • Total actual rent: 39300

    Other

    Other facts
    • Listing agreement: Excl Right
    • Listing terms: Cash,Conventional,1031 Exchange
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    Estimated market value
    $1,665,800