1820 3rd St, Alameda, CA 94501

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1820 3rd St,Alameda, CA 94501
$1,600,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jose cerda-zein
Office: cerda-zein real estate
MLS#:41117968
Source:CRMLS

Price summary

  • Price:$1,600,000

About this home

7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public

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Home facts

  • Year built:1895
  • Listing ID #:41117968
  • Added:404 day(s) ago
  • Updated:November 21, 2025 at 11:27 PM

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1895
  • Lot area:0.2 Acres

Finances and disclosures

  • Price:$1,600,000
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