Multifamily
2129 Clinton Ave
2129 Clinton Ave, Alameda, CA 94501
Listing Price: $2,350,000
Investment Overview
Marcus & Millichap is excited to market for sale a remarkable investment opportunity in the prestigious Bronze Coast neighborhood of Alameda, California. This five-unit multifamily property has been meticulously renovated to offer modern amenities and superior comfort. Select units feature new kitchens and bathrooms, luxury vinyl tile (LVT) flooring, energy-efficient LED lighting, and comprehensive new insulation. For added comfort and soundproofing, one of the upstairs units has a cork underlay beneath the LVT flooring. The property also boasts a robust 50-year roof installed within the last decade, ensuring long-term durability and minimal maintenance costs. With attention to detail at every turn, this multifamily gem is not only aesthetically pleasing but also built to last.
One of the standout features of this property is the assumable loan, offering a rare opportunity for an investor to take advantage of a $1,368,000 loan at an incredibly low 3.50% interest rate, fixed through August 2032 (subject to lender approval). This financial benefit significantly enhances the property's attractiveness, with an estimated cash-on-cash return of over 5%. Considering the average median home price in Alameda is $1.25 million, reflecting a 3.3% increase from 2023 according to Zillow, this multifamily property is priced to reflect an appealing combination of immediate cash flow and future appreciation potential.
Alameda is a vibrant, walkable city known for its picturesque streets, charming shops, and excellent dining options. Its prime location provides easy access to major metropolitan areas, including San Francisco and Oakland, making it a desirable place to live and invest. The community's rich history, coupled with modern amenities, creates a unique living experience that attracts a diverse and dynamic population. This multifamily property in the Bronze Coast neighborhood is an ideal investment for those looking to capitalize on Alameda's growing real estate market. Whether you're focused on appreciation or cash flow, this property delivers on both fronts, offering immediate income potential and long-term value in one of California's most sought-after locales.
2129 Clinton Ave
Investment Highlights
- Attractive Financing Options—This is an Assumable loan of $1,368,000 at an incredibly low 3.50% interest rate, fixed through August 2032 (subject to lender approval).
- Extensive Renovations and Modern Upgrades—Select units feature new kitchens and bathrooms, luxury vinyl tile (LVT) flooring, energy-efficient LED lighting, and insulation, with cork underlay beneath.
- Prime Location in Vibrant Alameda – Situated in the Bronze Coast neighborhood, which boasts walkability and short commute routes to major metropolitan areas.
- Strong Market Appreciation and Cash Flow Potential – The average median home price in Alameda is $1.25 million, and the projected cash-on-cash return based on the assumption is above 5%.
Exclusively Listed By
Financing By
Investment Highlights
- Attractive Financing Options—This is an Assumable loan of $1,368,000 at an incredibly low 3.50% interest rate, fixed through August 2032 (subject to lender approval).
- Extensive Renovations and Modern Upgrades—Select units feature new kitchens and bathrooms, luxury vinyl tile (LVT) flooring, energy-efficient LED lighting, and insulation, with cork underlay beneath.
- Prime Location in Vibrant Alameda – Situated in the Bronze Coast neighborhood, which boasts walkability and short commute routes to major metropolitan areas.
- Strong Market Appreciation and Cash Flow Potential – The average median home price in Alameda is $1.25 million, and the projected cash-on-cash return based on the assumption is above 5%.
Investment Overview
Marcus & Millichap is excited to market for sale a remarkable investment opportunity in the prestigious Bronze Coast neighborhood of Alameda, California. This five-unit multifamily property has been meticulously renovated to offer modern amenities and superior comfort. Select units feature new kitchens and bathrooms, luxury vinyl tile (LVT) flooring, energy-efficient LED lighting, and comprehensive new insulation. For added comfort and soundproofing, one of the upstairs units has a cork underlay beneath the LVT flooring. The property also boasts a robust 50-year roof installed within the last decade, ensuring long-term durability and minimal maintenance costs. With attention to detail at every turn, this multifamily gem is not only aesthetically pleasing but also built to last. One of the standout features of this property is the assumable loan, offering a rare opportunity for an investor to take advantage of a $1,368,000 loan at an incredibly low 3.50% interest rate, fixed through August 2032 (subject to lender approval). This financial benefit significantly enhances the property's attractiveness, with an estimated cash-on-cash return of over 5%. Considering the average median home price in Alameda is $1.25 million, reflecting a 3.3% increase from 2023 according to Zillow, this multifamily property is priced to reflect an appealing combination of immediate cash flow and future appreciation potential. Alameda is a vibrant, walkable city known for its picturesque streets, charming shops, and excellent dining options. Its prime location provides easy access to major metropolitan areas, including San Francisco and Oakland, making it a desirable place to live and invest. The community's rich history, coupled with modern amenities, creates a unique living experience that attracts a diverse and dynamic population. This multifamily property in the Bronze Coast neighborhood is an ideal investment for those looking to capitalize on Alameda's growing real estate market. Whether you're focused on appreciation or cash flow, this property delivers on both fronts, offering immediate income potential and long-term value in one of California's most sought-after locales.
Exclusively Listed By
Financing By
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