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1629 Santa Clara Ave
$1,800,000

1629 Santa Clara Ave

6,219 Sq.Ft.

Description

To access the marketing package copy/paste: https://bit.ly/kitehillre. This extraordinary property at Santa Clara Ave presents a unique owner-occupy opportunity that's a game-changer for real estate investors. Imagine living in the spacious, 4-bedroom, 2-bathroom 2,100 SQFT home, while offsetting your mortgage with a substantial $5,886/month rental income from the remaining units. The rare unit configuration includes one 4-bedroom, two-bathroom 2-story house, and four two-bedroom, one-bathroom units, resulting in an impressive monthly cash flow of $10,886 and an annual income of $129,516. Your investment is secured further by the addition of modern in-unit laundry facilities, providing convenience and appeal to both residents and future occupants. But the potential for profitability doesn't end there. With a promising rental upside of 70% for the 4-Plex unit, your investment in Santa Clara Ave is poised for substantial growth. Ample off-street parking for 4-6 vehicles ensures convenience and accessibility, enhancing the property's appeal to a wide range of potential tenants. Located in an ideal neighborhood, the property benefits from its proximity to popular retailers, dining options, entertainment venues, and shopping centers, guaranteeing a consistent pool of potential tenant

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Location

1629 Santa Clara Ave, Alameda, CA 94501

Status

Sold
Jatin Mehta

Jatin Mehta

TITLE

Founder

Property Amenities

Interior
Flooring Hardwood, Carpet
Other Interior Features Storage
Area & Lot
Lot Area 10,500 Sq.Ft.
Living area 6,219 Sq.Ft.
MLS® ID 41042200
Year Built 1954
Type Multi-Family
Status Sold
Exterior
Air conditioning No Air Conditioning
Heat type Electric
Sewer Public Sewer
Other Exterior Features No Yard
Parking Off Street
Lot Features Regular
Roof Shingle
Utilities Individual Electric Meter, Individual Gas Meter
Finance
Sales Price $1,800,000

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