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Gateway to the Gold Coast
$2,580,988
1000 Central Ave. Multi, Alameda
Presented by
Khalila Wolfe
Khalila Wolfe
BUILDING INFO;
Gateway to the Gold Coast. 1000 Central Avenue is a 7-Unit mixed-use building;;offering 3 residential units and 4 commercial spaces.;;This unique asset is in great condition. The ground level is 3 established business occupying 4 commercial units. The second floor opens up to a light filled hallway with the entrances to the three, 1 bedroom, 1 bathroom spacious residential units and community laundry.;;All units are fully occupied at market rents.
NEIGHBORHOOD INFO;
The turn key building is centrally located.;;Residents can enjoy walks and bike rides in this great Alameda neighborhood. The building is located near Alameda’s top-rated schools and is an easy stroll to Crown Memorial Beach and Shoreline Drive spotlighting an awesome two lane bike lane, Alameda’s South Shore Beach, South Shore Center, great parks and playgrounds, and minutes to Alameda’s historic theater, local eats, and;;lounges. Public transportation, bus lines & San Francisco trans bay ferry are all conveniently located nearby.;;
#parkyourmoneyhere #cashcow #stableIncome #greatexchangeproperty
NO.;OF;UNITS:;7YEAR;BUILT:;1936UNIT;MIX:;;3 – 1 Bed x 1 Bath;Units &;4 – StorefrontsSQ/FT:;5,101LOT;SIZE:;3,650PRICE:;$2,580,988.57PRICE PER;UNIT:;$368,712.65PRICE PER SQUARE;FOOT: $505.97;
Monthly Gross Income (Market):
Estimated Annual Operating Expenses (Market):
Annual Gross Income: (Market)
Operating Expense: (Market)
Net Operating Income:(Market)
GRM:(Market)
CAP:
*All information deemed reliable, but not verified or guaranteed. Buyers to verify all information.
Gateway to the Gold Coast. 1000 Central Avenue is a 7-Unit mixed-use building;;offering 3 residential units and 4 commercial spaces.;;This unique asset is in great condition. The ground level is 3 established business occupying 4 commercial units. The second floor opens up to a light filled hallway with the entrances to the three, 1 bedroom, 1 bathroom spacious residential units and community laundry.;;All units are fully occupied at market rents.
NEIGHBORHOOD INFO;
The turn key building is centrally located.;;Residents can enjoy walks and bike rides in this great Alameda neighborhood. The building is located near Alameda’s top-rated schools and is an easy stroll to Crown Memorial Beach and Shoreline Drive spotlighting an awesome two lane bike lane, Alameda’s South Shore Beach, South Shore Center, great parks and playgrounds, and minutes to Alameda’s historic theater, local eats, and;;lounges. Public transportation, bus lines & San Francisco trans bay ferry are all conveniently located nearby.;;
#parkyourmoneyhere #cashcow #stableIncome #greatexchangeproperty
NO.;OF;UNITS:;7YEAR;BUILT:;1936UNIT;MIX:;;3 – 1 Bed x 1 Bath;Units &;4 – StorefrontsSQ/FT:;5,101LOT;SIZE:;3,650PRICE:;$2,580,988.57PRICE PER;UNIT:;$368,712.65PRICE PER SQUARE;FOOT: $505.97;
Monthly Gross Income (Market):
| Unit # | Type | Current Rent |
| 1000 | Store | W/OFFER |
| 1002 | Salon | W/OFFER |
| 1004 | Salon | W/OFFER |
| 1000-C | 1 bed x 1 ba | W/OFFER |
| 1000-D | 1 bed x 1 ba | W/OFFER |
| 1000-E | 1 bed x 1 ba | W/OFFER |
| 1354 | Store (Combo w/ 1000) | W/OFFER |
| TOTAL | ; | W/OFFER |
Estimated Annual Operating Expenses (Market):
| W/OFFER | Real Estate Taxes (New at 1.130%) |
| W/OFFER | Insurance |
| W/OFFER | Alameda Municipal Power |
| W/OFFER | PG&E |
| W/OFFER | EBMUD |
| W/OFFER | Garbage |
| W/OFFER | Alameda Housing Programming Fee ($106 per door) ($106 x 3) |
| W/OFFER | Management Fee |
| W/OFFER | TOTAL |
Annual Gross Income: (Market)
Operating Expense: (Market)
Net Operating Income:(Market)
GRM:(Market)
CAP:
*All information deemed reliable, but not verified or guaranteed. Buyers to verify all information.
Property Tour
Neighborhood
Alameda
Alameda was once a peninsula connected to the Oakland docks. In 1902, a canal was dredged to enable easier shipping access, and that turned Alameda into an island. A little off the beaten track, Alameda has a laid-back vibe all its own. Despite its 80,000 residents, there's still a small-town feeling in Alameda.
A 4th of July Parade, complete with horse-drawn carriages, embodies the small-town feel in Alameda, which has preserved much of its Victorian housing stock, cottages, and central, walkable shopping district along Park Street. The Alameda Theater on Park Street was restored to its art deco glory. Civic pride runs high here; formerly the Carnegie Library, the Alameda Free Library was transformed into a multimillion-dollar showplace that earned a Silver LEED certification. Kids play soccer on former parade grounds of the converted army barracks. Crown Memorial State Beach and Shoreline Drive attract wind surfers.
With more than 10,000 buildings constructed before 1930, there is a rich and varied architectural heritage in the area playing a role in Alameda's real estate market conditions. Historic Queen Anne's, more than 1,500 ornately decorated Victorians, and California Craftsmans are some of the most desirable homes here along its tree-lined streets.
A 4th of July Parade, complete with horse-drawn carriages, embodies the small-town feel in Alameda, which has preserved much of its Victorian housing stock, cottages, and central, walkable shopping district along Park Street. The Alameda Theater on Park Street was restored to its art deco glory. Civic pride runs high here; formerly the Carnegie Library, the Alameda Free Library was transformed into a multimillion-dollar showplace that earned a Silver LEED certification. Kids play soccer on former parade grounds of the converted army barracks. Crown Memorial State Beach and Shoreline Drive attract wind surfers.
With more than 10,000 buildings constructed before 1930, there is a rich and varied architectural heritage in the area playing a role in Alameda's real estate market conditions. Historic Queen Anne's, more than 1,500 ornately decorated Victorians, and California Craftsmans are some of the most desirable homes here along its tree-lined streets.
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Khalila Wolfe