1418 Central Avenue

Alameda, CA 94501

$4,400,000
Price
Beds
14,064 Sq. Ft.
$313 / Sq. Ft.
14,064
Sq. Ft.
$313
per Sq. Ft.

Description

This prime offering at 1418 Central Avenue offers a convenient, central location one-block from Encinal commerce, and eight-blocks south of Webster Street retail, restaurants, shopping and commerce. The property further benefits from it’s central location which is nearly equidistant to Crown Beach, Shoreline. and South Shore Shopping Center. Surrounded primarily by a mix of apartments and single-family-homes on a quiet street, the complex affords tenants the ability to walk to the best offerings...This prime offering at 1418 Central Avenue offers a convenient, central location one-block from Encinal commerce, and eight-blocks south of Webster Street retail, restaurants, shopping and commerce. The property further benefits from it’s central location which is nearly equidistant to Crown Beach, Shoreline. and South Shore Shopping Center. Surrounded primarily by a mix of apartments and single-family-homes on a quiet street, the complex affords tenants the ability to walk to the best offerings of Alameda including South Shore Beach, South Shore Shopping Center, and Park Street. Centrally located in the Bay Area, Alameda South Shore Center is an established open-air shopping center featuring 594,000 square feet of dining, shopping and entertainment destinations. Both residents and visitors alike are drawn not only to the comprehensive variety of national and local restaurants and retailers, but also to the new outdoor family play area, spacious central courtyard and newly renovated building facades. Alameda South Shore Center is the area’s premier family friendly option to shop, dine, play and relax. The subject property sits on a 0.18-acre parcel, constructed circa 1925 (per property records), featuring wood frame with stucco siding, and a flat roof.
  1. Listed by Jon Holmquist • DRE #01257479 • Marcus & Millichap

Property Details for 1418 Central Avenue

City
ALAMEDA
Building Type
Apt Complex
Property Sub Type
Apt Complex
Garage/Parking
Enclosed, Parking Area
Total # Parking Spaces
7
LISTING UPDATED: 10/08/2024 02:57 PM

Property Details for 1418 Central Avenue

StatusActive
MLS #41074858
Days on Compass82
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1925
CountyAlameda County

Building Information for 1418 Central Avenue

Building/Complex1418 Central AveFloor-Stories-Residences18Pet Policy-Year Built1925Building Size-

Property Information for 1418 Central Avenue

Features
Feature Details
  • Flooring: Hardwood Floors
  • Laundry: Washer, Dryer
Room Details
  • Additional Rooms: Basement - Storage Area
Utility Details
  • Cooling: None
  • Heating: Steam
  • Water/Sewer: Sewer System - Public, Water - Private
Lot / Property Details
Property Details
  • Additional Equipment: Dryer, Washer
  • City Transfer Tax: Yes
  • Exterior: Stucco, Wood Frame
  • Lot Description: Irregular
  • Lot Sq Ft Apx: 7700
  • Lot Size Square Feet: 7700.0
  • Roof: Flat
  • Sq Ft Apx: 14064
  • Year Built: 1925
Location Details
  • Directions to Property: Cross of Benton and Central.
  • FIPS Code: 06001
  • Census Tract: 4059.01
  • Parcel Number: 72-342-6
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 18
  • Basement: Storage Area
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 9
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Approx SqFt: Studio
  • Unit # 1 Rent: 1469
Unit 2
  • Unit 2 # Units This Type?: 9
  • Unit # 2 Occupied By: Tenant
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Rent: 2031
Building Details
  • Additional Features-Misc: Security Building
  • Apx Lot Acres: 0
  • On Site Parking Description: Enclosed Garage, Parking Area, Security Garage
Income / Expense Details
  • Gross Rent Multiplier: 11.64
  • Net Operating Income: $243,087
Other Financial Information
  • Cap Rate: 5.52
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1418 Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1418 Central Avenue

Taxable ValueLand$488,577Additions$1,056,190Total$1,544,767
Tax Record2024$34,420 ($2,868 / month)
Home Facts
Total Finished SqFt14,064 SqFtAbove Grade Finished SqFt14,064 SqFtStories3Lot Size7,700 SqFtStyleMulti-Family Res (5+ Units)Year Built1925CountyALAMEDAAPN72-342-6

Schools near 1418 Central Avenue

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
Franklin Elementary School
PublicK to 5

Will C. Wood Middle School
Public6 to 8

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.

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1418 Central Avenue is a multi-family home for sale in Alameda, CA 94501. This property was listed for sale on September 30, 2024 by Marcus & Millichap, it's currently listed at $4,400,000. It has been on the market for a total of 82 days and was last sold on December 26, 1996. This listing's school district is Alameda Unified School District. Nearby schools include Franklin Elementary School, Will C. Wood Middle School and Island High (Continuation) School. 1418 Central Avenue is a 0-bed, 0-bath, 14,064 sqft multi-family home built in 1925.

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Listing Courtesy of Marcus & Millichap, Jon Holmquist, DRE #01257479

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.