954 Park Street
$2,324,800
—
4,104
4,104
$566
Description
Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential...Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.
- Listed by Rich Krinks • DRE #01095444 • BHHS Drysdale Properties
Property Details for 954 Park Street
City
ALAMEDA
Building Type5 or More Units
Property Sub Type5 or More Units
Garage/ParkingParking Area
Total # Parking Spaces8
LISTING UPDATED: 10/17/2024 11:57 AM
Property Details for 954 Park Street
Status | Active |
---|---|
MLS # | 41071227 |
Days on Compass | 86 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units |
Year Built | 1910 |
Lot Size | 0.17 AC / 7,421 SF |
County | Alameda County |
Building Information for 954 Park Street
Stories-Residences6Year Built1910Building Size-Lot Size0.17 AC / 7,421 SF
Property Information for 954 Park Street
Property History for 954 Park Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 954 Park Street
Taxable ValueLand$178,990Additions$240,441Total$419,431
Tax Record2024$10,946 ($912 / month)
Home Facts
Total Finished SqFt4,104 SqFtAbove Grade Finished SqFt4,104 SqFtStories2Lot Size7,421 SqFtStyleMulti-Family Res (5+ Units)Year Built1910CountyALAMEDAAPN70-181-44
Schools near 954 Park 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 |
---|---|---|
Frank Otis 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.
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