1516 Sherman Street

Alameda, CA 94501

$1,599,000
Price
7
Beds
4
Baths
3,811 Sq. Ft.
$420 / Sq. Ft.
3,811
Sq. Ft.
$420
per Sq. Ft.

Description

Spacious centrally located 5-unit property with multiple vacancies brimming with style and opportunity. Vacant detached 2-bed, 1-bath cottage in back with quad in front, offering two 1-bed units and two 2-bed units, the larger of which was updated in 2021 with new waterproof laminate flooring, kitchen countertops, cabinets, and gas stove. Ground floor vacant 1BR is ADA accessible. SFR features an open floor plan with central heating and AC, crown moldings, large dining room, newer kitchen with electric...Spacious centrally located 5-unit property with multiple vacancies brimming with style and opportunity. Vacant detached 2-bed, 1-bath cottage in back with quad in front, offering two 1-bed units and two 2-bed units, the larger of which was updated in 2021 with new waterproof laminate flooring, kitchen countertops, cabinets, and gas stove. Ground floor vacant 1BR is ADA accessible. SFR features an open floor plan with central heating and AC, crown moldings, large dining room, newer kitchen with electric washer and dryer under solid countertops, dishwasher, gas stove and recessed lighting. Carpeted bedrooms are quiet and serene as the entire home is set far back from the street. Bath redone beautifully in 2010. BONUS- Garden room is set up as a family room that opens onto the private back patio and converted garage offers workspace/guest quarters. Entire building recently rewired to 400 amp service and new exterior paint throughout. Wall furnaces in all four units. Separately metered for gas and electric. One off-street parking space for each unit. Sewer compliant. Located near up-and-coming commercial area with new Savoy Market as well as multiple bus lines, and close to West End business district, parks, schools, ferry, and all that Alameda has to offer. Don't miss this one!
  1. Listed by Steve Cressy • DRE #00765911 • BHHS Drysdale Properties
  2. Listed by Colin Blake • DRE #02172587 • BHHS Drysdale Properties

Property Details for 1516 Sherman Street

City
ALAMEDA
Building Type
OTHER
Property Sub Type
OTHER
Garage/Parking
Spaces per Unit - 1, Off-Street Parking, Parking Area
Park Spaces Total
5
Total # Parking Spaces
5
LISTING UPDATED: 10/30/2024 01:18 AM

Property Details for 1516 Sherman Street

StatusActive
MLS #41073216
Days on Compass48
Taxes$6,632 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / OTHER
Year Built1965
Lot Size0.17 AC / 7,500 SF
CountyAlameda County

Building Information for 1516 Sherman Street

Stories-Residences5Year Built1965Building Size-Lot Size0.17 AC / 7,500 SF

Property Information for 1516 Sherman Street

Features
Feature Details
  • Flooring: Laminate, Carpet
  • Disability Features: Accessible Approach/Ramp
Utility Details
  • Cooling: See Remarks
  • Heating: Forced Air 1 Zone, Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Water Heater Gas, Carbon Mon Detector, Double Strapped Water Htr, Smoke Detector, All Public Utilities, Individual Electric Meter, Individual Gas Meter
  • City Transfer Tax: Yes
  • Exterior: Brick, Masonite, Stucco
  • Lot Description: Level
  • Lot Sq Ft Apx: 7500
  • Lot Size Square Feet: 7500.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3811
  • Yard Description: Back Yard, Patio, Patio Enclosed
  • Year Built: 1965
  • Acres: 0.17
Location Details
  • Directions to Property: Santa Clara to Sherman
  • FIPS Code: 06001
  • Census Tract: 4279
  • Parcel Number: 72-346-27
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Oven Range Free Standing, Refrigerator
  • Some Units Have: Dishwasher, Updated Baths, Updated Kitchen
  • Units Total: 5
  • Basement: None
  • Parking Description: Off Street Parking, Parking Area, Space Per Unit - 1
  • Separate Meters: Electric, Gas
  • Existing Lease Terms: Month to Month
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner, Projected
Income / Expense Details
  • Annual Expense Year: 23387
  • Annual Taxes $: $6,632
  • Annual Miscellaneous Income: $2,286
  • Annual Rental Income: $39,300
  • Gross Oper Income (Act): $39,300
  • Net Operating Income: $15,913
  • Annual Insurance Expense: $3,735
  • Annual License Expense: $580
  • Annual Maintance Expense: $2,811
  • Annual Total Oper Expense: $23,387
  • Annual Utility Expense: $4,035
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Tenant
  • Dining Room 1: No
  • Air Cond 1: No
  • Fireplace 1: No
  • Refrigerator 1: Yes
  • Range/Oven 1: Yes
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 650
  • Rent 1: 1220
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Vacant
  • Dining Room 2: No
  • Air Cond 2: No
  • Fireplace 2: No
  • Refrigerator 2: Yes
  • Range/Oven 2: Yes
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 600
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Vacant
  • Dining Room 3: Yes
  • Air Cond 3: No
  • Fireplace 3: No
  • Refrigerator 3: Yes
  • Range/Oven 3: Yes
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 900
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Owner
  • Dining Room 4: Yes
  • Air Cond 4: Yes
  • Fireplace 4: No
  • Refrigerator 4: Yes
  • Range/Oven 4: Yes
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 1200
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 650
  • Unit # 1 Rent: 1220
Unit 2
  • Unit 2 # Units This Type?: 1
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 Dining Room: No
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 1
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 600
Unit 3
  • Unit 3 # Units This Type?: 1
  • Unit # 3 Occupied By: Vacant
  • Unit # 3 Dining Room: Yes
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Approx SqFt: 900
Unit 4
  • Unit 4 # Units This Type?: 1
  • Unit # 4 Occupied By: Owner
  • Unit # 4 Dining Room: Yes
  • Unit # 4 Air Cond: Yes
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Approx SqFt: 1200
Unit 5
  • Unit 5 # Units This Type?: 1
  • Unit # 5 Occupied By: Tenant
  • Unit # 5 Dining Room: No
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 1
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Approx SqFt: 450
  • Unit # 5 Rent: 920
Building Details
  • Additional Features-Misc: Garden
  • ADDTL MISC FEATURES: Balcony/Patio, Garden, Shower Stall(s), Tub w/Shower Over
  • Apx Lot Acres: 0
  • On Site Parking Description: Parking Area, Space Per Unit - 1
  • Tot Ann Oper Exp: 23387.0
Income / Expense Details
  • Annual Insurance Expense: $3,735
  • Annual License Expense: $580
  • Annual Maint Expense: $2,811
  • Annual Rent Income: $39,300
  • Annual Taxes: $6,632
  • Annual Util Expense: $3,835
  • Gross Income: $39,300
  • Other Annual Expense: $2,284
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 1516 Sherman 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 1516 Sherman Street

Taxable ValueLand$69,705Additions$82,920Total$152,625
Tax Record2023$4,461 ($372 / month)
Home Facts
Total Finished SqFt3,811 SqFtAbove Grade Finished SqFt3,811 SqFtStories2Lot Size7,500 SqFtStyleQuadraplexYear Built1965Year Renovated1967CountyALAMEDAAPN72-346-27

Schools near 1516 Sherman 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
Maya Lin 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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1516 Sherman Street is a multi-family home for sale in Alameda, CA 94501. This property was listed for sale on September 14, 2024 by BHHS Drysdale Properties, it's currently listed at $1,599,000. This listing's school district is Alameda Unified School District. Nearby schools include Maya Lin School, Will C. Wood Middle School and Alameda Science And Technology Institute. 1516 Sherman Street is a 7-bed, 4-bath, 3,811 sqft multi-family home built in 1965.

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 BHHS Drysdale Properties, Steve Cressy, DRE #00765911; BHHS Drysdale Properties, Colin Blake, DRE #02172587

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.