To access the marketing package copy/paste: https://bit.ly/kitehillre. This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,886/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,886 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of 70% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers, guaranteeing a consistent pool of potential tenant
Sold for $1,800,000 on 07/29/24
$1,800,000
1629 Santa Clara Ave, Alameda, CA 94501
--beds
--baths
6,219sqft
Quadruplex
Built in 1954
-- sqft lot
$-- Zestimate®
$289/sqft
$4,162 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: July 29, 2024 at 04:58pm
Listed by:
Jatin Mehta DRE #02045713 510-878-6800,
Pellego
Bought with:
Stephen Ung, DRE #01463166
Re/Max Accord
Source: bridgeMLS/CCAR/Bay East AOR,MLS#: 41042200
Facts & features
Interior
Heating
- Electric
Cooling
- No Air Conditioning
Features
- Storage
- Flooring: Carpet
- Basement: Unfinished
Interior area
- Total structure area: 6,219
- Total interior livable area: 6,219 sqft
Property
Parking
- Parking features: Off Street
Features
- Exterior features: No Yard
Lot
- Size: 10,454 sqft
Details
- Parcel number: 072 031802600
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Stucco
Condition
- Year built: 1954
Utilities & green energy
- Utilities for property: Individual Electric Meter, Individual Gas Meter
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s)
Location
- Region: Alameda
Other
Other facts
- Listing terms: Cash,Conventional