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Virtual Tour

For Sale

$1,600,000

1820 3rd St
Alameda, CA 94501

- Beds • - Baths•

MLS #41084533

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 transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate! Views: Downtown

Listing Agent: Jose Cerda-Zein | Office: Cerda-Zein Real Estate

INTERIOR FEATURES

Heating: Wall Furnace
Cooling: None

EXTERIOR AND BUILDING

Lot Size: 8813 sqft
Built in: 1895

COMMUNITY AND NEIGHBORHOOD

Location:
County: Alameda
Subdivision: WEST END

SOURCES

MLS Information:
LA1MLSID: CCBE-149520384
Listing Agent: Jose Cerda-Zein
Days on Market: 110
MLS ID: 41084533
MLS Name: CRMLS
Last Modified: 3 months ago
Office Name: Cerda-Zein Real Estate
Broker MLS ID: CCBE-SCZR01

Josephine & Raj Sharma

Legacy Homes Realty- Local REALTOR®

(951) 314-4251

Advertising Agent:

Josephine & Raj Sharma

Legacy Homes Realty- Local REALTOR®

(951) 314-4251

Listing Agent:

Jose Cerda-Zein

Cerda-Zein Real Estate

Based on information from California Regional Multiple Listing Service, Inc. as of 2025-05-25 00:32:26 (GMT / UTC +0) and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

1820 3rd St Alameda, CA 94501

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1820 3rd St
Alameda, CA 94501