NOT LISTED FOR SALE

Estimated Value: $1,129,000 - $1,478,861

9 Beds
5 Baths
2,992 Sq Ft
$451/Sq Ft Est. Value

Last Sold July 17, 2024

Last sale price $1,550,000 $518 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $8,458/month

67 Days on Market

Highlights

  • Updated Kitchen
  • Wood Flooring
  • 1 Car Detached Garage
  • Love Elementary Rated A-
  • No HOA
  • Tandem Parking

About This Home

As of July 2024

Welcome to 2129 Lincoln Ave with TWO vacant units! This property offers an enticing investment opportunity, boasting three units totaling 9 bedrooms and 3+ bathrooms, situated in the heart of Alameda with access to a superb school district. Benefitting from capital improvements, this multi family home has undergone extensive renovation, featuring Fiberglass Siding, copper piping, and low maintenance landscaping. Each unit includes dedicated laundry area, with ample parking provided by a long private driveway, detached garage with potential for ADU expansion, and 3 parking spots plus a tandem parking area. Tenants enjoy separately metered utilities, responsible for electricity, and gas, while the owner is responsible for water and garbage. Conveniently located in proximity to restaurants, shopping centers, top-rated schools, Alameda Hospital (ideal for traveling nurses), and easy access to the Transbay bus and Alameda Bay Area Ferry.

Last Agent to Sell the Property

Jerry Beverly

Compass License #01957422 Listed on: 04/11/2024

Compass

Co-Listed By

Louis Wong

Compass License #02154208

Last Buyer's Agent

Dan Ding

License #02193943

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 7,000 Sq Ft Lot
  • Rectangular Lot
  • Garden
  • Back Yard

Home Design

  • Triplex
  • Fiberglass Siding

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Tandem Parking
  • On-Street Parking
  • Parking Lot

Utilities

  • Cooling Available
  • Wall Furnace
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Updated Kitchen
  • Outdoor Storage

Community Details

  • No Home Owners Association
  • 2,992 Sq Ft Building
  • Bay East Association
  • Alameda Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7123318

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

7,000 Sq Ft Lot

Listing Details

  • Year Built: 1900
  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: SPSP04
  • Subdivision Name: ALAMEDA
  • Directions: 880 > 29th Ave > Park St > Lincoln ave
  • Carport Y N: No
  • Garage Yn: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Laminate, Tile, Carpet
  • Basement: None
  • Appliances: Dryer, Washer, Gas Water Heater, Tankless Water Heater
  • Total Bedrooms: 9
  • Fireplace: No
  • Interior Amenities: Updated Kitchen, Storage, Storage Area(s), Tub w/Shower Over

Exterior Features

  • Lot Features: Regular, See Remarks
  • Construction Type: Fiberglass Siding
  • Exterior Features: Back Yard, Garden, Low Maintenance, Storage Area

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Parking Lot, Space Per Unit - 1, Space Per Unit - 2, Tandem, Other, Street Parking
  • Total Parking Spaces: 1

Utilities

  • Heating: Wall Furnace
  • Utilities: All Public Utilities, Cable Available, Individual Electric Meter, Individual Gas Meter
  • Cooling: Other
  • Laundry Features: Dryer, In Unit, Washer, Washer/Dryer Hookups, See Remarks
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Electric: No Solar

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 7000
  • Parcel Number: 7123318
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jul 10, 2024
Sold by
Richard Nguyen Family Trust and Nguyen Richard
Bought by
Hou Chuntao and Zong Xuan
Seller's Agent
Jerry Beverly
Compass
Buyer's Agent
Dan Ding
List Price
$1,548,000
Sold Price
$1,550,000
Premium/Discount to List
$2,000
0.13%
Views
110
Current Estimated Value
$1,349,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$200,285
Avg. Annual Appreciation
-7.82%
Original Mortgage
$780,000
Outstanding Balance
$770,684
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$579,031

Purchase Details

Closed on
May 23, 2017
Sold by
Nguyen Richard
Bought by
Nguyen Richard and Richard Nguyen Family Trust

Purchase Details

Closed on
Mar 2, 2009
Sold by
Le Cindy
Bought by
Nguyen Richard

Purchase Details

Closed on
Sep 16, 2003
Sold by
Fiszczuk Petro and Fiszczuk Investments Lp
Bought by
Nguyen Richard and Le Cindy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$495,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 21, 2000
Sold by
Fiszczuk Petro
Bought by
Fiszczuk Investments Lp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hou Chuntao $1,550,000 Chicago Title
Nguyen Richard -- None Available
Nguyen Richard -- None Available
Nguyen Richard $660,000 Alliance Title Company
Fiszczuk Investments Lp $1,500 --
Fiszczuk Petro -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hou Chuntao $780,000
Previous Owner Nguyen Richard $495,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,550,000 -- --
07/17/2024 07/17/24 Sold $1,550,000 +0.1% $518 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
05/28/2024 05/28/24 For Sale $1,548,000 -0.1% $517 / Sq Ft
05/06/2024 05/06/24 Off Market $1,550,000 -- --
04/11/2024 04/11/24 For Sale $1,548,000 -- $517 / 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 $14,950 $1,550,000 $465,000 $1,085,000
2024 $14,950 $919,934 $275,980 $643,954
2023 $14,406 $901,895 $270,568 $631,327
2022 $14,090 $884,214 $265,264 $618,950
2021 $13,756 $866,883 $260,065 $606,818
2020 $13,586 $858,000 $257,400 $600,600
2019 $12,648 $841,175 $252,352 $588,823
2018 $12,336 $824,682 $247,404 $577,278
2017 $11,792 $808,512 $242,553 $565,959
2016 $11,796 $792,660 $237,798 $554,862
2015 $11,748 $780,753 $234,226 $546,527
2014 $10,846 $720,000 $216,000 $504,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41055759

Bay East Association of REALTORS®

APN: 071-0233-018-00

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