NOT LISTED FOR SALE

2507 Clement Ave Alameda, CA 94501

Downtown Alameda Neighborhood

Estimated Value: $1,348,000 - $2,015,310

6 Beds
4 Baths
3,452 Sq Ft
$461/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $1,490,000 $432 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $10,486/month

13 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Wood Fence
  • Edison Elementary School Rated A
  • No HOA
  • Wall Furnace

About This Home

As of October 2023

Great condition and high income earner in much sought after Alameda. This listing comprises two duplexes, the first (2501 & 2503 Clement) having two one-bedroom units, and the second (2507 & 2509 Clement) having two two-bedroom units. All units have one bath. Recent renovation and upgrades to multiple units include all new permitted 220v electrical wiring throughout, new baseboard heaters throughout, new electric water heaters, and many other upgrades. Tenants are stable and pay on time, and one two-bedroom unit likely vacant soon presents the opportunity to charge full market rate. Most recently leased unit has new carpet, paint, appliances, kitchen, and bath. Supreme walkability to super market (Nob Hill Foods), as well as downtown Alameda with its shops, restaurants, theatre, and other services. Excellent school district. Easy commute to freeway or BART (less than a mile away across Fruitvale Bridge). This pair of duplexes are ready to pass on to the next lucky investor. Please note that official address with the County is 2507 Clement, but the unit addresses are 2501 - 2509 Clement.

Last Agent to Sell the Property

Steve Cressy

Bhhs Drysdale Properties License #00765911 Listed on: 08/15/2023

Bhhs Drysdale Properties

Co-Listed By

Colin Blake

Bhhs Drysdale Properties License #02172587

Last Buyer's Agent

Stephen Ung

License #01463166

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,477

Year Built

  • Built in 1915

Lot Details

  • 7,027 Sq Ft Lot
  • Wood Fence
  • Corner Lot
  • Back Yard

Home Design

  • Duplex
  • Frame Construction
  • Stucco

Flooring

  • Wood
  • Carpet
  • Linoleum

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Gas Water Heater

Additional Features

  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 3,452 Sq Ft Building
  • Bay East Association
  • Alameda Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7001961

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,477

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.16
  • Co List Office Mls Id: SHBR01
  • Subdivision Name: ALAMEDA
  • Directions: Corner of Clement & Everett
  • Carport Y N: No
  • Garage Yn: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Linoleum, Carpet
  • Basement: Unfinished
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Fireplace: No

Exterior Features

  • Fencing: Fenced, Wood
  • Lot Features: 2 Houses / 1 Lot, Corner Lot, Level
  • Construction Type: Stucco, Frame
  • Exterior Features: Back Yard, Side Yard

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Heating: Wall Furnace
  • Utilities: All Public Utilities, Individual Electric Meter
  • Cooling: No Air Conditioning
  • Security: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Schools

  • Senior High School District: Alameda (510) 748-4000

Lot Info

  • Lot Size Sq Ft: 7027
  • Parcel Number: 7001961
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Sep 11, 2023
Sold by
Gpt-Dst Llc
Bought by
Fab Brewer Llc
Seller's Agent
Steve Cressy
Bhhs Drysdale Properties
Buyer's Agent
Stephen Ung
List Price
$1,490,000
Sold Price
$1,490,000
Views
51
Current Estimated Value
$1,593,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,078
Avg. Annual Appreciation
2.55%
Original Mortgage
$894,000
Interest Rate
8.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 2023
Sold by
Tim Petersen 2021 Trust
Bought by
Gpt-Dst Llc

Purchase Details

Closed on
Feb 6, 2021
Sold by
Petersen David E and Petersen Katherine A
Bought by
Gallo John D and Tim Petersen 2021 Trust

Purchase Details

Closed on
Dec 29, 2020
Sold by
Gallo John D and Gallo Susan E
Bought by
Laney Victor and Christopher Gallo 2020 Trust

Purchase Details

Closed on
Nov 6, 2003
Sold by
Petersen David E and Petersen Katherine A
Bought by
Petersen David E and Petersen Katherine A

Purchase Details

Closed on
May 15, 1994
Sold by
Gallo John D and Gallo Susan E
Bought by
Gallo John D and Gallo Susan E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.15%

Purchase Details

Closed on
Mar 18, 1994
Sold by
Petersen David E and Petersen Katherine A
Bought by
Petersen David E and Petersen Katherine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

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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
Fab Brewer Llc $1,490,000 Old Republic Title Company
Gpt-Dst Llc -- None Listed On Document
Gpt-Dst Llc -- None Listed On Document
Gpt-Dst Llc -- None Listed On Document
Gpt-Dst Llc -- None Listed On Document
Gpt-Dst Llc -- None Listed On Document
Gallo John D -- None Available
Laney Victor -- None Available
Petersen David E -- --
Gallo John D -- --
Petersen David E -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fab Brewer Llc $894,000
Previous Owner Petersen David E $156,620
Previous Owner Petersen David E $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/04/2025 02/04/25 Off Market $1,490,000 -- --
10/31/2023 10/31/23 Sold $1,490,000 0.0% $432 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
08/15/2023 08/15/23 For Sale $1,490,000 -- $432 / Sq Ft
Source: Bay East Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $22,477 $1,519,800 $455,940 $1,063,860
2024 $22,477 $1,490,000 $447,000 $1,043,000
2023 $7,468 $266,801 $230,730 $36,071
2022 $7,328 $261,570 $226,206 $35,364
2021 $7,190 $256,442 $221,771 $34,671
2020 $7,105 $253,813 $219,498 $34,315
2019 $6,054 $248,836 $215,194 $33,642
2018 $5,927 $243,958 $210,975 $32,983
2017 $5,737 $239,175 $206,839 $32,336
2016 $5,698 $234,486 $202,784 $31,702
2015 $5,657 $230,965 $199,739 $31,226
2014 $5,519 $226,442 $195,827 $30,615
Source: Public Records

Agents Affiliated with this Home

  • Steve Cressy

    Seller's Agent in 2023

    Steve Cressy

    BHHS Drysdale

    (510) 908-9018

    7 in this area

    62 Total Sales

    Steve Cressy
    Section Image
  • Colin Blake

    Seller Co-Listing Agent in 2023

    Colin Blake

    BHHS Drysdale

    (415) 676-8916

    3 in this area

    19 Total Sales

    Colin Blake
    Section Image

  • S

    Buyer's Agent in 2023

    Stephen Ung

    Section Image
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Map

Source: Bay East Association of REALTORS®

MLS Number: 41036079

Bay East Association of REALTORS®

APN: 070-0196-001-00

California Alameda County Alameda 94501 Downtown Alameda

2507 Clement Ave, Alameda, CA

This home is located at 2507 Clement Ave, Alameda, CA 94501 since 15 August 2023 and is currently estimated at $1,593,078, approximately $461 per square foot. This property was built in 1915. 2507 Clement Ave is a home located in Alameda County with nearby schools including Edison Elementary School, Lincoln Middle School, and Alameda High School.

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