F
Seller's Agent in 2025
Forrest M.
Elevate Real Estate Group
(510) 737-1821
1 in this area
4 Total Sales
1572 Lincoln Ave Alameda, CA 94501
West Alameda Neighborhood
5
Beds
4
Baths
3,388
Sq Ft
6,098
Sq Ft Lot
Highlights
- Wood Flooring
- No HOA
- Laundry Room
- Maya Lin School Rated A-
- Multiple cooling system units
- Baseboard Heating
About This Home
As of December 2025Welcome to 1572 & 1572 1/2 Lincoln Ave. An income-generating fourplex located in Central Alameda. Set on a 6,175 square foot lot, this 3,388 square foot property features a rare standalone, move-in ready, 2-bedroom / 1-bathroom cottage, with partial updates throughout. Offering newer flooring, fresh paint, modern fixtures, and its own dedicated parking, the cottage makes this multi-unit ideal for an owner-occupant or as a premium rental unit. The front building includes three additional, occupied in good-standing, rental units. A spacious 2-bedroom / 1-bathroom apartment, a well-proportioned 1-bedroom / 1-bathroom unit, and a cozy studio. All residents benefit from access to an on-site laundry room, backyard space, and parking. Adding amenities and functionality to the property. Conveniently located near Park Street’s shops, restaurants, and easy access to public transportation, this very walkable, well-maintained fourplex is great for investors looking for solid cash flow or buyers seeking a hybrid opportunity to live and earn in one of Alameda’s most desirable neighborhoods.
Last Agent to Sell the Property
Elevate Real Estate Group License #01994778 Listed on: 09/20/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Parking
- Parking Lot
Home Design
- Duplex
- Composition Shingle Roof
- Wood Siding
- Shingle Siding
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Multiple cooling system units
- Multiple Heating Units
- Wall Furnace
- Baseboard Heating
Additional Features
- Laundry Room
- 6,175 Sq Ft Lot
Community Details
- No Home Owners Association
- Alameda Subdivision
Listing and Financial Details
- Assessor Parcel Number 7233142
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 20, 2025
Closed on
Dec 2, 2025
Sold by
Leah Markstein 1994 Trust and Markstein Leah
Bought by
Wu Shuyu
Seller's Agent
Forrest M.
Elevate Real Estate Group
Buyer's Agent
Geen Lee
Kw Advisors
List Price
$1,198,000
Sold Price
$950,000
Premium/Discount to List
-$248,000
-20.7%
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,501
Avg. Annual Appreciation
-0.63%
Original Mortgage
$760,000
Outstanding Balance
$758,532
Interest Rate
6.17%
Mortgage Type
New Conventional
Estimated Equity
$189,967
Purchase Details
Closed on
Feb 13, 2024
Sold by
Markstein Leah
Bought by
Leah Markstein 1994 Trust and Markstein
Purchase Details
Closed on
Aug 1, 2002
Sold by
Markstein Leah
Bought by
Dauber Philip and Markstein Leah
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
6.6%
Purchase Details
Closed on
Sep 25, 2001
Sold by
Dauber Philip
Bought by
Markstein Leah
Purchase Details
Closed on
Sep 21, 2001
Sold by
Reynolds Jerry P and Reynolds Constance C
Bought by
Markstein Leah
Purchase Details
Closed on
Nov 6, 1998
Sold by
Kumpf Harry H and Goodeill Shirley A
Bought by
Reynolds Jerry P and Reynolds Constance C
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,000
Interest Rate
6.54%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $950,000 | Chicago Title | |
| Grant Deed | -- | None Listed On Document | |
| Gift Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | North American Title Co | |
| Individual Deed | $695,000 | North American Title Co | |
| Individual Deed | $355,000 | North American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $760,000 | New Conventional | |
| Previous Owner | $195,000 | No Value Available | |
| Previous Owner | $284,000 | No Value Available | |
| Closed | $35,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/11/2025 12/11/25 | Sold | $950,000 | -4.8% | $280 / Sq Ft |
| 11/07/2025 11/07/25 | Pending | -- | -- | -- |
| 10/11/2025 10/11/25 | Price Changed | $998,000 | -16.7% | $295 / Sq Ft |
| 09/20/2025 09/20/25 | For Sale | $1,198,000 | -- | $354 / Sq Ft |
Source: Bay East 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 | $16,631 | $1,026,653 | $307,996 | $718,657 |
| 2024 | $16,631 | $1,006,526 | $301,958 | $704,568 |
| 2023 | $16,029 | $986,795 | $296,038 | $690,757 |
| 2022 | $15,678 | $967,446 | $290,234 | $677,212 |
| 2021 | $15,304 | $948,480 | $284,544 | $663,936 |
| 2020 | $15,113 | $938,757 | $281,627 | $657,130 |
| 2019 | $14,065 | $920,353 | $276,106 | $644,247 |
| 2018 | $13,718 | $902,311 | $270,693 | $631,618 |
| 2017 | $13,118 | $884,623 | $265,387 | $619,236 |
| 2016 | $13,117 | $867,283 | $260,185 | $607,098 |
| 2015 | $13,060 | $854,258 | $256,277 | $597,981 |
| 2014 | $12,708 | $837,530 | $251,259 | $586,271 |
Source: Public Records
Agents Affiliated with this Home
-
Forrest M.
-
Jerry Beverly
Seller Co-Listing Agent in 2025
Jerry Beverly
Compass
(925) 628-6990
1 in this area
55 Total Sales
-
Geen Lee
G
Buyer's Agent in 2025
Geen Lee
Kw Advisors
(415) 290-4798
1 in this area
50 Total Sales
Map
Source: Bay East Association of REALTORS®
MLS Number: 41112263
APN: 072-0331-042-00
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