1523 Verdi St Open House Save Request In-Person Tour Request Virtual Tour
Alameda,CA 94501
OPEN HOUSE
Wed Sep 10, 11:00am - 12:30pm Fri Sep 12, 11:00am - 12:30pm Wed Sep 17, 11:30am - 12:00pm
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,493 sqft
Price per Sqft $545
MLS Listing ID BE41110185
Bedrooms 6
Year Built 1890
Lot Size 7,612 Sqft
Property Sub-Type Five or More Units
Source Bay East
Property Description
Open house scheduled for Friday, September 5, 10, 12 and 17th from 11am to 12:30pm. This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1525 Verdi, is currently vacant-an opportunity to capture market rents immediately or utilize as an owner's unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property's long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential-an ideal addition to any investment portfolio.
Location
State CA
County Alameda
Area Alameda Map Area 3
Interior
Heating Heating - 2+ Zones
Cooling None
Flooring Tile,Vinyl,Carpet - Wall to Wall,Hardwood
Exterior
Exterior Feature Siding - Vinyl ,Siding - Wood
Parking Features Assigned Spaces
Roof Type Composition
Building
Lot Description Grade - Level,Regular
Water Public,Heater - Gas
Others
Tax ID 73-389-12
Special Listing Condition New,Not Applicable