Investment Overview

1523 Schiller St is an exceptional 10 unit investment opportunity located in the thriving city of Alameda, California. Situated on a 10,375 square foot parcel of land, the subject property was originally constructed in 1968 and features gross building area of approximately 9,316 square feet, offering its tenants beautifully designed three-bedroom and one-bedroom floor plans. Additionally, 1523 Schiller St has recently undergone significant capital improvements including fresh exterior paint, seismic retrofitting and new landscaping throughout the subject property. It is also located within close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the Bay Area expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars. Alameda is a well-located city in the East Bay and is known as “The Island”. The city occupies two islands as well as a section of mainland that connects directly to Oakland. Located directly across from Oakland, Alameda provides tenants with convenient access to a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. In addition, Alameda is within close proximity to the trade center for the entire Bay Area due to the Port of Oakland being the busiest port in all of Northern California. 1523 Schiller St is located in a desirable neighborhood situated within close proximity to Downtown Alameda (0.7 miles), featuring a myriad of diverse retail shops, dining and entertainment options. In addition, the subject properties offer easy access to numerous transportation corridors including the San Francisco-Oakland Bay Bridge, Interstate 880, Interstate 980, California State Route 185 as well as many others. The investment appeal of this asset is driven by Alameda’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 1523 Schiller St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.