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$1,555,000
41145751 MLS
2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.40% current cap rate and upside to a 7.07% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2022 Alameda Architectural Preservation Society Award, the property offers unobstructed lagoon views and is just a half mile from Park Street, South Shore Center, and Alameda Beach. Whether utilized as an owner-occupied income property, turn-key investment, multi-generational residence, or potential single-family conversion, 2000 Clinton Avenue offers a unique opportunity to own an income-producing waterfront asset in one of Alameda's most desirable neighborhoods.

2000 Clinton Ave, Alameda

Listing courtesy of GianLuca Jacoli from Shield CRE, Inc.. 510-708-2662

$1,000,000
41143285 MLS
This 3-unit property, consisting of a Craftsman Duplex and a Ranch-Style Bungalow, is in an extraordinary community-style enclave that offers suburban tranquility with prime geographic positioning that is rare in Alameda’s highly coveted East-end. It features a total of approximately 2,638 square feet of living space on an approximately 10,760 square foot lot that is tucked away at the end of Pease Court off Encinal Avenue, just a short block east of Broadway. 1223 Pease Ct has a stucco exterior. With its distinct sense of independence and privacy, it features a standalone 2-bedroom, 1-bath cottage at street level with approximately 732 square feet of living space. 1228 & 1230 Pease Ct is a Craftsman Duplex with wood siding that displays a gabled roof with prominent cross gables and classic gable dormers. It features a single-level, 2-bedroom, 1-bathroom unit on the left that spans approximately 731 square feet of living space and includes a backyard, and a 2-story, 3-bedroom, 1-1/2-bathroom spacious unit on the right with approximately 1,210 square feet of living space that also includes a backyard. Property has 1 driveway that is attendant to 1223 Pease Ct and 3 uncovered carports. Adding to its appeal is its highly efficient utility configuration where residents pay for their own gas, electricity, water, sewer and garbage services. Each unit has its own gas water heater and laundry hookups. This clean, straightforward configuration maximizes net operating income for the Owner and removes the common friction points of shared utility management. A quick stroll away is Alameda’s ever-popular Park Street, which is known for its unique shops, a wide variety of restaurants, and the historic Alameda Theatre. Pease Court also offers easy access to local and Transbay AC Transit bus line, east-end schools, and shopping at the South Shore Shopping Center.

1223 Pease Ct, Alameda

Listing courtesy of Ramesh Ramchandani from Panavista Realty. 510-523-0707

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