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Alameda, CA, 94501 • Central • Alameda County
$408/sqft
2Beds
1Baths
7,592Sqft
0.36 acLot
1962Built
This home is getting attention
Listed 35 days ago · 248 views · 2 saves
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2 saves
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35 days on market
Established listing
$408/sqft
Price per square foot
Multi Family · Built 1962
The offering presents 500 Buena Vista Avenue, is a well-maintained multifamily property located in the highly desirable Alameda market, offering an excellent opportunity for investors. The property consists of 10 units, each with spacious 2-bedroom, 1-bathroom layouts, totaling 7,592 square feet of living space on a 0.28-acre lot. Built in 1962, the property has been well-kept and is currently 100% occupied, providing immediate rental income. E 500 Buena Vista Avenue offers significant value-add potential by capitalizing on an 18% loss-to-lease, driving substantial pro forma income growth and long-term appreciation. The property benefits from individual metering for gas and electricity, reducing landlord operational oversight, while water is mastermetered. Its strategic West Alameda location, combined with robust market fundamentals and a clear path to rent optimization, positions this asset as an ideal investment for stable income and future capital appreciation.
Based on current rates
Est. 6.35% rate · 30yr fixed · $2,480,000 loan
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3 schools rated nearby
Alameda, CA, 94501
1 event
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Alameda, CA • Alameda County
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Based on information from the MLSListings MLS as of 2026-04-07 12:49:19 PDT. 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.
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