3-Units | Alameda

Alameda, California offers real estate investors a rare mix of Bay Area location, neighborhood appeal, and long-term rental demand. Set on an island just across the estuary from Oakland, Alameda combines convenient access to major employment centers with a quieter, more residential atmosphere that attracts a broad tenant base. Its tree-lined streets, historic charm, waterfront setting, and strong community identity help distinguish it from many nearby submarkets, making it especially appealing for apartment owners seeking stable occupancy and enduring renter interest. For apartment building investors, Alameda stands out as a market supported by diverse demand drivers. Residents are drawn to its proximity to San Francisco, Oakland, Berkeley, and the wider East Bay, as well as its local retail districts, shoreline amenities, parks, and established neighborhoods. The city appeals to professionals, families, and long-term renters who value both livability and connectivity. That combination can support consistent leasing activity and position well-located multifamily assets to benefit from resilient demand over time. Alameda also offers investors the kind of market character that supports a long-view acquisition strategy. With limited land availability, a built-out environment, and housing demand shaped by the broader Bay Area economy, apartment properties in Alameda can represent an attractive opportunity for investors focused on well-located multifamily assets. Whether the goal is dependable cash flow, value-add potential, or long-term appreciation, Alameda presents a compelling story: a high-demand residential community with a distinct identity and lasting appeal. Scores Walk Score - 95 Transit Score - 59 Bike Score - 90First time on the market in nearly 30 years, 1813–1817 Everett Street presents a rare opportunity to acquire a well-located, fully occupied triplex just one block off Park Street in Alameda. The property consists of three spacious units averaging approximately 1,000 square feet each, including two 3-bedroom units and one 2+ bedroom, 3-bath multi-level unit with additional attic rooms currently used as bedrooms. All units are separately metered, with tenants paying their own utilities, providing operational efficiency and reduced expense burden. The asset is currently 100% occupied and generates over $9,000 per month in gross income. The unit mix includes a 3BD/1.5BA (~1,100 SF), a 3BD/2BA (~1,000 SF), and a 2+BD/3BA (~900 SF, three-level unit). Approximately $35,000 has recently been invested into Unit 1815, including new flooring, cabinetry, countertops, and appliances, enhancing the overall condition of the property while maintaining strong in-place income. Additional features include off-street parking for four vehicles and private backyard or garden space for each unit—an uncommon amenity in Alameda. Notably, Unit 1817 benefits from an exceptionally large, deep backyard. The property also includes a shared laundry room, with one unit having its own in-unit setup. Owned since 1997 and professionally managed, the asset reflects long-term pride of ownership and is ideally positioned near Alameda’s primary retail and dining corridor, with convenient commuter access via the nearby Park Street Bridge.