2021 San Jose Ave
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2021 San Jose Ave
18 Unit Apartment Building $4,200,000 ($233,333/Unit) 6.54% Cap Rate Alameda, CA 94501
Executive Summary
2021 San Jose Ave. is a well located classic 18 unit apartment building in the Bronze Coast neighborhood of Alameda. The property consists of 18 one bedroom units and 6 car garage parking. Most units have excellent natural light, original hardwood floors, and ample closet/storage space. The units are stacked and have spacious floorplans that are mirrored across the hall. The front units have beautiful bay windows. Most of the kitchens and bathrooms have been updated. There is a private garage with storage and an additional 5 car garage with a large bike rack for tenant use. In the main garage there are leased laundry machines, 1 washer & 1 dryer. There is also a lovely backyard for tenant use. Units are separately metered for gas and electricity. Tenants pay their own electric heat.
The property is excellently located in the Bronze Coast neighborhood of Alameda, just 30 minutes East of San Francisco. The area is well known for its excellent restaurants, bars, parks, entertainment options and fantastic schools. Alameda is generally regarded as a quintessential suburban area sandwiched between two major metropolises. Oakland is just a brief car ride away and there are multiple
public transportation options to get to San Francisco, including a delightful ferry ride across the Bay. The location has convenient access to I-880, the primary freeway connecting Alameda to San Francisco (15-minutes) and San Jose/Silicon Valley (30-minuces) and I-80 connecting to Sacramento and to I-580 connecting to Pleasanton and Livermore. BART is accessible in downtown Oakland via AC Transit Bus lines.
The property is excellently located in the Bronze Coast neighborhood of Alameda, just 30 minutes East of San Francisco. The area is well known for its excellent restaurants, bars, parks, entertainment options and fantastic schools. Alameda is generally regarded as a quintessential suburban area sandwiched between two major metropolises. Oakland is just a brief car ride away and there are multiple
public transportation options to get to San Francisco, including a delightful ferry ride across the Bay. The location has convenient access to I-880, the primary freeway connecting Alameda to San Francisco (15-minutes) and San Jose/Silicon Valley (30-minuces) and I-80 connecting to Sacramento and to I-580 connecting to Pleasanton and Livermore. BART is accessible in downtown Oakland via AC Transit Bus lines.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts Under Contract
Price | $4,200,000 | Apartment Style | Low Rise |
Price Per Unit | $233,333 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Cap Rate | 6.54% | Building Size | 14,180 SF |
Gross Rent Multiplier | 11.2 | No. Stories | 3 |
No. Units | 18 | Year Built | 1903 |
Property Type | Multifamily | Parking Ratio | 0.42/1,000 SF |
Property Subtype | Apartment |
Price | $4,200,000 |
Price Per Unit | $233,333 |
Sale Type | Investment |
Cap Rate | 6.54% |
Gross Rent Multiplier | 11.2 |
No. Units | 18 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 14,180 SF |
No. Stories | 3 |
Year Built | 1903 |
Parking Ratio | 0.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 18 | - | - |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
Parcel Number | 071-0244-018-00 | Total Assessment | $1,587,080 (2024) |
Land Assessment | $396,770 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,190,310 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
071-0244-018-00
Land Assessment
$396,770 (2024)
Improvements Assessment
$1,190,310 (2024)
Total Assessment
$1,587,080 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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2021 San Jose Ave
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