$2,200,000
***100% Occupied*** 1523–1527 Verdi Street is a six-unit multifamily asset in Alameda’s West End, on a roughly 7,612 SF lot (0.17 AC) in the Encinal Park area. There is about 5,493 SF of livable area across two structures. The detached rear building holds two units (1525 and 1527 Verdi), and each has its own private garage. The seller invested over $600,000 into the property, which cuts near-term capital needs for a new owner. Work includes a new concrete foundation, a tankless water heater, fresh exterior paint, a renovated storage area, new mailboxes, and a new deck and roof over 1527. Several units have fully renovated interiors. Tenants pay their own utilities through separate electric and gas meters, and coin-operated laundry on site adds income. The location supports steady rental demand. Webster Street’s shops and restaurants are a short walk away, and Maya Lin Elementary is about 0.2 miles from the property. Commuters can reach the Posey/Webster Tubes to Oakland and I-880, the Alameda ferry to San Francisco, and AC Transit bus lines. College of Alameda and the Alameda Point redevelopment are nearby. The property combines historic character, recent capital improvements, and value-add opportunities in one of the East Bay’s most supply-constrained rental markets.
41153164
MLS
1523 Verdi Street, Alameda
Listing courtesy of Jason Pugao from Keller Williams Tri-Valley. 510-472-6916
