$1,490,000
$1,490,000
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2507 Clement Ave Alameda, CA 94501
6,969 Sqft Lot
Key Details
Sold Price $1,490,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Alameda
MLS Listing ID 41036079
Sold Date 10/31/23
HOA Y/N No
Year Built 1915
Lot Size 6,969 Sqft
Property Description
Great condition and high income earner in much sought after Alameda. This listing comprises two duplexes, the first (2501 & 2503 Clement) having two one-bedroom units, and the second (2507 & 2509 Clement) having two two-bedroom units. All units have one bath. Recent renovation and upgrades to multiple units include all new permitted 220v electrical wiring throughout, new baseboard heaters throughout, new electric water heaters, and many other upgrades. Tenants are stable and pay on time, and one two-bedroom unit likely vacant soon presents the opportunity to charge full market rate. Most recently leased unit has new carpet, paint, appliances, kitchen, and bath. Supreme walkability to super market (Nob Hill Foods), as well as downtown Alameda with its shops, restaurants, theatre, and other services. Excellent school district. Easy commute to freeway or BART (less than a mile away across Fruitvale Bridge). This pair of duplexes are ready to pass on to the next lucky investor. Please note that official address with the County is 2507 Clement, but the unit addresses are 2501 - 2509 Clement.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Flooring Carpet, Laminate, Wood
Fireplace No
Appliance Gas Water Heater
Exterior
Parking Features On Street
Roof Type Shingle
Total Parking Spaces 2
Building
Lot Description Back Yard, Corner Lot, Street Level, Yard
Sewer Public Sewer
Others
Tax ID 7001961
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Conventional
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Bought with Stephen Ung • Re/Max Accord