1357 Pearl Street

Alameda, CA 94501

$2,750,000
Price
Beds
7,592 Sq. Ft.
$362 / Sq. Ft.
7,592
Sq. Ft.
$362
per Sq. Ft.

Description

Well-maintained 8-unit apartment complex in a great neighborhood close to Downtown. All 8 units are occupied 2BD/1BA units with 1 carport parking space per unit (8 total). Below market rents allowing for upside potential. Please do not disturb tenants.Well-maintained 8-unit apartment complex in a great neighborhood close to Downtown. All 8 units are occupied 2BD/1BA units with 1 carport parking space per unit (8 total). Below market rents allowing for upside potential. Please do not disturb tenants.
  1. Listed by Michael Dunn • DRE #01029169 • Michael Dunn Broker

Property Details for 1357 Pearl Street

City
ALAMEDA
Building Type
Apt Complex
Property Sub Type
Apt Complex
Total # Parking Spaces
8
LISTING UPDATED: 12/21/2024 02:50 PM

Property Details for 1357 Pearl Street

StatusNew
MLS #41081000
Days on Compass5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1955
CountyAlameda County

Building Information for 1357 Pearl Street

Building/Complex1357 Pearl StFloor-Stories-Residences8Pet Policy-Year Built1955Building Size-

Property Information for 1357 Pearl Street

Features
Feature Details
  • Flooring: Linoleum, Tile, Carpet
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Level, Regular
  • Lot Sq Ft Apx: 13600
  • Lot Size Square Feet: 13600.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 7592
  • Year Built: 1955
Location Details
  • Directions to Property: West side of Pearl Street
  • FIPS Code: 06001
  • Census Tract: 4281.00
  • Parcel Number: 70-152-12
  • Printed Neighborhood Rpt: No
  • Board ID: CONTRA COSTA
Multi Family Information
General Details
  • Units Total: 8
  • Basement: None
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 8
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 949
  • Unit # 1 Rent: 2039
Building Details
  • Additional Features-Misc: Extra Storage
  • Apx Lot Acres: 0
  • On Site Parking Description: Covered Parking
Income / Expense Details
  • Annual Insurance Expense: $7,579
  • Annual Maint Expense: $4,428
  • Annual Util Expense: $4,561
  • Gross Income: $195,720
  • Gross Rent Multiplier: 14.05
  • Net Operating Income: $121,285
  • Other Annual Expense: $5,570
Other Financial Information
  • Cap Rate: 4.41
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1357 Pearl Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1357 Pearl Street

Taxable ValueLand$897,600Additions$1,958,400Total$2,856,000
Tax Record2024$43,792 ($3,649 / month)
Home Facts
Total Finished SqFt7,592 SqFtAbove Grade Finished SqFt7,592 SqFtStories2Lot Size13,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1955CountyALAMEDAAPN70-152-12

Schools near 1357 Pearl Street

This home is within Alameda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Alameda High School
Public9 to 12

Island High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1357 Pearl Street is a multi-family home for sale in Alameda, CA 94501. This property was listed for sale on December 21, 2024 by Michael Dunn Broker, it's currently listed at $2,750,000. This listing's school district is Alameda Unified School District. Nearby schools include Edison Elementary School, Lincoln Middle School and Alameda High School. 1357 Pearl Street is a 0-bed, 0-bath, 7,592 sqft multi-family home built in 1955.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Michael Dunn Broker, Michael Dunn, DRE #01029169

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.