Seller's Agent in 2021
Brian Leung
Compass Commercial
(650) 515-1838
1 in this area
53 Total Sales
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
Compass Commercial License #DRE #01203473 Listed on: 05/26/2021
| 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 |
| 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 |
Seller's Agent in 2021
Brian Leung
Compass Commercial
(650) 515-1838
1 in this area
53 Total Sales
Seller Co-Listing Agent in 2021
Jeremy Lee
Compass Commercial
(415) 890-0704
1 in this area
61 Total Sales
Source: San Francisco Association of REALTORS®
MLS Number: 421554704
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