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Listed by Jatin Mehta • Kite Hill Real Estate
$ 2,075,000
Est. payment | /mo
3,902 SqFt
$ 2,075,000
Est. payment | /mo
3,902 SqFt
Open House
Sat Sep 13, 12:00pm - 2:00pm
Sun Sep 14, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,902 sqft
Price per Sqft $531
Subdivision Elmwood
MLS Listing ID 41110131
HOA Y/N No
Year Built 1915
Lot Size 5,900 Sqft
Property Sub-Type Quadruplex
Source Bridge AOR
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. 2714 Alcatraz Ave offers a diverse and flexible unit mix, including a studio, two one-bedroom units, a two-bedroom/1.5-bath unit, and a three-bedroom/two-bath unit. With three of the units and a basement space delivered vacant, the building provides an exceptional opportunity for both investors and owner-occupiers. Investors have the ability to set market rents and hand-pick tenants, while an owner-occupant can enjoy immediate income support from the leased units. Fully occupied, the property is projected to generate over $14,223 per month in gross rental income, making it a strong long-term investment with stable cash flow potential. 2714 Alcatraz Ave is designed for tenant convenience and long-term retention. Each unit is separately metered for gas and electricity, keeping operating costs low and simplifying management. Tenants also benefit from onsite amenities including a coin-operated laundry facility, 2–3 off-street parking spaces, and a shared backyard—an attractive feature that enhances livability and overall appeal. With multiple value-add options available, the property provides a range of opportunities to reconfigure, expand, or further improve income potential.
Location
State CA
County Alameda
Interior
Heating Natural Gas
Cooling Other
Flooring Wood
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot, Paved
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397