Investment Overview

2116 San Jose Ave presents an exceptional investment opportunity, featuring a well-maintained multifamily asset situated in the thriving city of Alameda, California. Situated on a 17,000 square foot parcel of land, the subject property was originally constructed in 1925 and offers a gross building area of approximately 5,979 square feet. The subject property consists of 100% cottage-style one-bedroom floor plans with private storage rooms. 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. 2116 San Jose Ave is located in a desirable neighborhood situated within walking distance to Downtown Alameda (0.4 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, 2116 San Jose Ave presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.