Investment Overview

1611 Santa Clara Ave Apartments is an eight-unit multifamily property located in the highly desirable city of Alameda, CA. The property features a strong unit mix of four 2-bedroom/1-bath units, two 3-bedroom/1-bath unit, and two 3-bedroom/2-bath units, along with eight covered parking spaces. Select units offer private fenced yards, a highly sought-after amenity that enhances tenant appeal. Situated within an established residential neighborhood, the property benefits from Alameda's strong rental demand, a superior school district, community-oriented atmosphere, and convenient access to major Bay Area employment centers. The subject property location provides residents with easy access to local shopping, dining, schools, parks, and public transportation options. Constructed circa 1965, the property benefits from significant capital improvements, including a new pitched composite roof installed in 2022, a completed soft-story seismic retrofit, upgraded electrical panels and circuit breakers, and gas shut-off valves. Additional amenities include onsite laundry facilities and a large secured storage area, providing potential for supplemental income. The combination of a desirable unit mix, substantial recent improvements, pitched composite roof, and a prime Alameda location offers investors the opportunity to acquire a well-maintained asset with stable in-place income and long-term upside potential. With major building systems already upgraded, new ownership can focus on maximizing income and future rent growth.