Great condition and high income earner in much sought after Alameda. This listing comprises two duplexes, the first (2501 & 2503 Clement) having two one-bedroom units, and the second (2507 & 2509 Clement) having two two-bedroom units. All units have one bath. Recent renovation and upgrades to multiple units include all new permitted 220v electrical wiring throughout, new baseboard heaters throughout, new electric water heaters, and many other upgrades. Tenants are stable and pay on time, and one two-bedroom unit likely vacant soon presents the opportunity to charge full market rate. Most recently leased unit has new carpet, paint, appliances, kitchen, and bath. Supreme walkability to super market (Nob Hill Foods), as well as downtown Alameda with its shops, restaurants, theatre, and other services. Excellent school district. Easy commute to freeway or BART (less than a mile away across Fruitvale Bridge). This pair of duplexes are ready to pass on to the next lucky investor. Please note that official address with the County is 2507 Clement, but the unit addresses are 2501 - 2509 Clement.
Sold for $1,490,000 on 10/31/23
$1,490,000
2507 Clement Ave, Alameda, CA 94501
6beds
4baths
3,452sqft
Multi Family, Quadruplex
Built in 1915
-- sqft lot
$1,362,100 Zestimate®
$432/sqft
$3,387 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: November 02, 2023 at 03:11am
Listed by:
Steve Cressy DRE #00765911 510-908-9018,
Bhhs Drysdale Properties,
Colin Blake DRE #02172587 415-676-8916,
Bhhs Drysdale Properties
Bought with:
Stephen Ung, DRE #01463166
Re/max Accord
Source: Bay East AOR,MLS#: 41036079
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Wall Furnace
Cooling
- No Air Conditioning
Features
- Flooring: Linoleum, Carpet
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,452
- Total interior livable area: 3,452 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Features
- Patio & porch: Front Porch, Porch Steps
- Fencing: Fenced,Wood
Lot
- Size: 6,969 sqft
- Features: 2 Houses / 1 Lot, Level, Back Yard, Side Yard
Details
- Parcel number: 7001961
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
- Attached to another structure: Yes
Materials
- Stucco, Frame
- Roof: Composition
Condition
- Year built: 1915
Utilities & green energy
- Utilities for property: Individual Electric Meter
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Double Strapped Water Heater
Community
- Community features: None
Location
- Region: Alameda
- Subdivision: Alameda
HOA & financial
Other financial information
- Total actual rent: 8230
Other
Other facts
- Listing agreement: Excl Right
- Listing terms: Cash,Conventional,1031 Exchange
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Estimated market value
$1,362,100