2000 Clinton AVE, Alameda, CA 94501
- $1,555,000
- 2
- BD
- 2,381
- SqFt
Listed by GianLuca Jacoli, (510) 708-2662 from Shield CRE, Inc.
(If provided) CoList: from
- List Price
- $1,555,000
- MLS#
- EB41145751
- Status
- ACTIVE
- Sqft. of Residence
- 2,381
- Lot Size
- 8,750
- Listing Area
- Alameda Map Area 2
Property Description
2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.40% current cap rate and upside to a 7.07% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2
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Additional Information
- Acres
- 0.20
- Amenities
- Other
- Cooling System
- Other
- Energy Features
- Other
- Exterior Features
- Other
- Floor Covering
- Other, Wood
- Garage Parking
- Other
- Heating System
- Other
- Laundry Facilities
- Other
- Living Area
- 2,381
- Lot Size
- 8,750
- Neighborhood
- Alameda Map Area 2
- Numberof Units
- 3
- Roof
- Other
- Unincorporated Yn
- Yes
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