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2023 Construction & Fully Occupied 2060 San Antonio Ave

7 Unit Block of Flats £2,741,513 (£391,645/Unit) 5.80% Net Initial Yield Alameda, CA 94501

Investment Highlights

  • Fully Reconstructed in 2023: Featuring Newly-Renovated Units with Brand New Appliances and Immaculate Finishes
  • Set on a 7,500 SF Lot, Boasting 1:1 Off-Street Parking, Onsite Laundry, and Ample Storage Space
  • Delivered 100% Occupied by Stable & Paying Tenant Base at Market Rent
  • Prime Location in Alameda's Highly-Rated School Districts: Just Blocks to Parks, Restaurants, Shopping at South Shore Center, and Ample Public Transpo

Executive Summary

The structure contains seven (7) units, boasting an ideal mix comprised of one 4bd/2bth, one 3bd/2bth, one 3bd/1bth, one 2bd/1bth, two 1bd/1bth, and one studio apartment. The property was fully reconstructed in 2023, offering a sleek exterior design, newly-renovated units, and low-maintenance landscaping. All units feature spacious floor plans with immaculate finishes throughout, including updated kitchens, bathrooms, and brand new stainless-steel appliances. Current rents are stabilized at market rate, providing a rare opportunity to acquire a cash flowing asset with no delinquencies or deferred maintenance. The building is set on a large 7,500 SF lot, featuring a 1:1 off-street parking ratio, onsite laundry, and ample storage space. 2060 San Antonio offers a prime location, situated just blocks to Alameda Hospital, shopping & dining at the South Shore Center, and ample public transportation options.
Nestled alongside the San Francisco Bay, Alameda’s South Shore is a scenic suburban community with a tranquil atmosphere and fantastic retail options. The heart of the community is the sprawling South Shore Center, an outdoor mall brimming with national retailers and restaurants as well as independent businesses and local Alameda favorites. South Shore Center prides itself on being a hub for the community, hosting a bevy of year-round events that include cultural festivals and free concert series for everyone. As South Shore continues to grow, more and more apartments and houses are becoming available for rent. Ferry access and close proximity to the 880 makes getting around from South Shore simple.
EMAIL: INFO@PINZAGROUP.COM FOR A COMPLETE MARKETING PACKAGE

Property Facts

Price £2,741,513
Price Per Unit £391,645
Sale Type Investment
Net Initial Yield 5.80%
Gross Rent Multiplier 13
No. Units 7
Property Type Residential
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Office Office Residential
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 5,065 SF
Average Occupancy 100%
Number of Floors 3
Year Built 2023
Parking Ratio 1.38/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 1 - -
1+1 2 - -
2+1 1 - -
3+1 1 - -
3+2 1 - -
4+2 1 - -
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
071-0244-040-00
Land Assessment
£582,691
Improvements Assessment
£1,533,977
Total Assessment
£2,116,668

zoning

Zoning Code R-S
R-S
  • Listing ID: 33361670

  • Date on Market: 01/10/2024

  • Last Updated:

  • Address: 2060 San Antonio Ave, Alameda, CA 94501

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