Multifamily
500 Buena Vista Ave
500 Buena Vista Ave, Alameda, CA 94501
Listing Price: $3,100,000
Investment Overview
The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an
excellent opportunity for investors. The property consists of 10 units, each with
spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living
space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is
currently 100% occupied, providing immediate rental income. E
500 Buena Vista Avenue offers significant value-add potential by capitalizing
on an 18% loss-to-lease, driving substantial pro forma income growth and
long-term appreciation. The property benefits from individual metering for gas
and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market
fundamentals and a clear path to rent optimization, positions this asset as an
ideal investment for stable income and future capital appreciation.
500 Buena Vista Ave
Investment Highlights
- 500 Buena Vista Avenue is a 10-unit multifamily asset in Alameda's Woodstock neighborhood. Built in 1962, this 7,592 SF, offering great value for investors seeking solid returns in a high-demand area.
- The property features ten uniform 2BD/1BA units. Individually metered for gas/electric, it presents a compelling value-add opportunity with an 18% loss-tolease and a current 5.61% cap rate.
- Bringing rents to market increases Net Operating Income by over $54,000, moving from $173,954 to $228,467. This drives a stabilized 7.37% cap rate and compresses the GRM from 11.39 to 9.39.
Exclusively Listed By
Listing Price: $3,100,000
Investment Highlights
- 500 Buena Vista Avenue is a 10-unit multifamily asset in Alameda's Woodstock neighborhood. Built in 1962, this 7,592 SF, offering great value for investors seeking solid returns in a high-demand area.
- The property features ten uniform 2BD/1BA units. Individually metered for gas/electric, it presents a compelling value-add opportunity with an 18% loss-tolease and a current 5.61% cap rate.
- Bringing rents to market increases Net Operating Income by over $54,000, moving from $173,954 to $228,467. This drives a stabilized 7.37% cap rate and compresses the GRM from 11.39 to 9.39.
Investment Overview
The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation.
Exclusively Listed By
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