1546 Alice St
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1546 Alice St
12 Unit Block of Flats £2,095,401 (£174,617/Unit) 5.36% Net Initial Yield Oakland, CA 94612
Investment Highlights
- Located in Oakland's 'Gold Coast' Neighborhood btw Lake Merritt & Downtown
- Spacious 2 Bedroom Units with Tremendous Potential to Add Value
- Walk 0.4 miles to 19th Street BART & 3 blocks to Lake Merritt
Executive Summary
The subject property located at 1546 Alice Street offers the opportunity for an investor to purchase a classic and beautiful building, with historically high occupancy levels, and significant upside in current rental income, in one of Oakland's most desirable neighborhoods.
The subject property is a charming three-story building that was built in 1908. The current unit mix consists of (12) two-bedroom/one-bath units. This property also features spacious units with marble entryways, hardwood floors, living room/parlor areas, track lighting and walk-in closets in some units.
Located in the (Gold Coast) Downtown Lakeside region of Oakland, 1546 Alice Street is walking distance from Downtown Oakland, Lake Merritt BART, Lake Merritt's running and bike trails, Snow Park, and a short bike ride away from the trendy shopping nooks located on Grand and Lakeshore Avenues. The location of this building, the quiet neighborhood, and the charming surroundings makes this building extremely attractive to renters.
With a “Walk Score” of 99 (a "Walker's Paradise", per WalkScore.com), daily errands do not require a car, and a "Bike Score" of 90 (a "Biker's Paradise", per WalkScore.com), daily errands can be easily accomplished on the plethora of flat and accessible bike lanes. A "Transit Score" of 87 ("Excellent Transit", per WalkScore.com), means transit is convenient for most trips.
The subject property is a charming three-story building that was built in 1908. The current unit mix consists of (12) two-bedroom/one-bath units. This property also features spacious units with marble entryways, hardwood floors, living room/parlor areas, track lighting and walk-in closets in some units.
Located in the (Gold Coast) Downtown Lakeside region of Oakland, 1546 Alice Street is walking distance from Downtown Oakland, Lake Merritt BART, Lake Merritt's running and bike trails, Snow Park, and a short bike ride away from the trendy shopping nooks located on Grand and Lakeshore Avenues. The location of this building, the quiet neighborhood, and the charming surroundings makes this building extremely attractive to renters.
With a “Walk Score” of 99 (a "Walker's Paradise", per WalkScore.com), daily errands do not require a car, and a "Bike Score" of 90 (a "Biker's Paradise", per WalkScore.com), daily errands can be easily accomplished on the plethora of flat and accessible bike lanes. A "Transit Score" of 87 ("Excellent Transit", per WalkScore.com), means transit is convenient for most trips.
Property Facts
| Price | £2,095,401 | Property Subtype | Apartment |
| Price Per Unit | £174,617 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Net Initial Yield | 5.36% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 11.02 | Building Size | 13,329 SF |
| No. Units | 12 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1908 |
| Price | £2,095,401 |
| Price Per Unit | £174,617 |
| Sale Type | Investment |
| Net Initial Yield | 5.36% |
| Gross Rent Multiplier | 11.02 |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 13,329 SF |
| Number of Floors | 3 |
| Year Built | 1908 |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 12 | £1,293 | 1,100 |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Biker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 008-0627-034-00 | Improvements Assessment | £750,820 |
| Land Assessment | £393,100 | Total Assessment | £1,143,920 |
PROPERTY TAXES
Parcel Number
008-0627-034-00
Land Assessment
£393,100
Improvements Assessment
£750,820
Total Assessment
£1,143,920
zoning
| Zoning Code | R90, Oakland |
| R90, Oakland |
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1546 Alice St
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