954 Park St, Alameda, CA 94501

Alameda
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
954 Park St,Alameda, CA 94501
$1,450,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: rich krinks
Office: bhhs drysdale properties510-523-1144
MLS#:41109306
Source:CRMLS

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Price summary

  • Price:$1,450,000

About this home

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 $161,500 and the CAP rate goes to 9.94%. 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...

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Home facts

  • Year built:1910
  • Subdivision & Development:PARK ST DISTRICT
  • Listing ID #:41109306
  • Added:422 day(s) ago
  • Updated:October 22, 2026 at 06:46 AM

Structure and exterior

  • Roof:Shingle
  • Year built:1910
  • Lot Features:Street Level
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$1,450,000

Parking

  • Total parking spaces:8
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