CA > Alameda
Alameda, CA 94501,1523 Verdi St
Alameda, CA 94501,1523 Verdi St
Alameda, CA 94501,1523 Verdi St
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Joel Martinez

Joel Martinez

+1(831) 230-0059
Listed by Jason Pugao • Keller Williams Tri-Valley
$2,995,000
Est. payment /mo
6 Beds
5 Baths
5,493 SqFt
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Open House

Fri Sep 05, 11:00am - 12:30pm

Wed Sep 10, 11:00am - 12:30pm

Fri Sep 12, 11:00am - 12:30pm

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,493 sqft

Price per Sqft $545

MLS Listing ID BE41110185

Bedrooms 6

Year Built 1890

Lot Size 7,612 Sqft

Property Sub-Type Five or More Units

Source Bay East

Property Description

This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1525 Verdi, is currently vacant-an opportunity to capture market rents immediately or utilize as an owner's unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property's long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential-an ideal addition to any investment portfolio.

Location

State CA

County Alameda

Area Alameda Map Area 3

Interior

Heating Heating - 2+ Zones

Cooling None

Flooring Tile, Vinyl, Carpet - Wall to Wall, Hardwood

Exterior

Exterior Feature Siding - Vinyl , Siding - Wood

Parking Features Assigned Spaces

Roof Type Composition

Building

Lot Description Grade - Level, Regular

Water Public, Heater - Gas

Others

Tax ID 73-389-12

Special Listing Condition New, Not Applicable

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agent

Joel Martinez

+1(831) 230-0059

Property Connection Specialist | License ID: 02338033

Property Connection Specialist License ID: 02338033

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