NOT LISTED FOR SALE
11 Beds
-- Bath
6,120 Sq Ft
7,919 Sq Ft Lot

Last Sold August 02, 2021

Last sale price $1,900,000 $310 Per Sq Ft

15 Days on Market

About This Home

As of August 2021

1117 Park Avenue is a five unit apartment property located in the city of Alameda. The property was constructed in 1960 and is located on a 7,920 SF parcel. The building boasts an impressive unit mix of larger units with four (4) 2BR/1.5BA and one (1) 3BR/2.5BA unit. All units are townhouse apartments. The subject property is conveniently located on Shoreline Dr, one of Alameda's main thoroughfares, which contains various restaurants, stores and retail shops. It is also located within close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the Bay Area expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars. The investment appeal of this asset is driven by Alameda's strong employment fundamentals and low vacancy levels.

Last Agent to Sell the Property

Brian Leung

Compass Commercial License #DRE #01203473 Listed on: 05/26/2021

Compass Commercial

Co-Listed By

Jeremy Lee

Compass Commercial License #DRE #01951309

Last Buyer's Agent

Brian Leung

Compass Commercial License #DRE #01203473 Listed on: 05/26/2021

Compass Commercial

Townhouse Details

Home Type

  • Townhome

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 7,920 Sq Ft Lot

Interior Spaces

  • 6,120 Sq Ft Home
  • 5-Story Property
  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 070-018102000

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • 4 Leased Units
  • 1 Vacant Unit

Townhouse Details

Home Type

Townhome

Year Built

Built in 1960 | Remodeled

Lot Details

7,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Townhouses
  • Property Condition: Updated/Remodeled, Varies By Unit
  • Levels: Five or More
  • Stories: 2
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Price Per Square Foot: 310.46
  • Square Footage: 6120

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 070-018102000
  • Lot Features: Curb(s), Curbs/Gutters
  • Lot Size Acres: 0.1818
  • Lot Size Sq Ft: 7920
  • Lot Size Units: SqFt
  • Price Per Acre: 10451045.10

Building Info

  • Number of Units Total: 5

Rental Info

  • Units Furnished: None

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 15.22
  • Number Of2 Bedrooms Occupied: 4
  • Number of 3 Bedroom Units: 1
  • Number Of Units Leased: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2021 08/02/21 Sold $1,900,000 0.0% $310 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/26/2021 05/26/21 For Sale $1,900,000 -- $310 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $30,517 $2,013,096 $620,802 $1,392,294
2024 $30,517 $1,973,638 $608,634 $1,365,004
2023 $8,957 $201,487 $71,168 $130,319
2022 $8,819 $197,537 $69,773 $127,764
2021 $8,685 $193,664 $68,405 $125,259
2020 $8,626 $194,169 $67,704 $126,465
2019 $6,780 $190,411 $66,377 $124,034
2018 $6,661 $186,727 $65,075 $121,652
2017 $6,477 $181,424 $63,799 $117,625
2016 $6,425 $177,884 $62,549 $115,335
2015 $6,375 $175,223 $61,609 $113,614
2014 $6,531 $171,806 $60,402 $111,404
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 421554704

San Francisco Association of REALTORS®
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