Investment Overview

Garden Court Apartments is a well-maintained 63-unit apartment community located at 557 Buena Vista Ave in the thriving city of Alameda, California. Situated on a large 3.03 acre parcel of land, the subject property was originally constructed in 1963 and features a gross building area of approximately 48,378 square feet. The subject property comprises beautifully designed three-bedroom, two-bedroom, and one-bedroom floor plans. Garden Court Apartments offers tenants convenient community amenities such as onsite laundry facilities, covered carport parking, a controlled access community, and a swimming pool with a sundeck. The subject property has also undergone extensive capital improvements including roof repairs, plumbing and solar enhancements, and interior renovations in select units amounting to roughly $1.7M over the last 13 years. With a strategic location in the heart of Alameda, Garden Court Apartments 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. Garden Court Apartments is located in a desirable neighborhood situated within a few blocks from Webster St, featuring a myriad of diverse retail shops, dining, and entertainment options. 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, Garden Court Apartments presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.