$1,250,000
SOLD JAN 9, 2025

401 Central Ave Alameda, CA 94501

West Alameda Neighborhood
-- Bed
-- Bath
5,189 Sq Ft
0.34 Acres

Recently Sold

$241 Per Sq Ft

16% Below List Price

14 Days on Market

Highlights

  • 14,616 Sq Ft lot
  • No HOA
  • Heating Available
  • William G. Paden Elementary School Rated A-
  • Cooling Available

About This Home

As of January 2025

Incredible opportunity for a developer with a vision. Over 5,000 square ft interior space as built for 5 plex. Alameda's largest Avocado tree resides on the lot! There are two garages (storage) and one carport as well. One unit (3/2.5) is vacant, then there are three 1 bed 1 bath and one studio apartment. Motivated seller! Lot is 14,616 sq ft per public records (buyer to verify) (0.34 acres) Tours only: Saturday 12/14/2024- 10A-11AM Sunday 12/15/2024- 10A-11AM Tuesday 12/17/2024- 11A-1PM

Last Agent to Sell the Property

Heather Duke

Compass License #02166349 Listed on: 12/12/2024

Compass

Co-Listed By

Jeff Goodman

Compass License #01338912

Last Buyer's Agent

Lejla Ahmetspahic

Realsmart Properties License #01968320

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • 0.34 Acre Lot

Home Design

  • Stucco

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 74446401

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Year Built: 1915
  • Property Sub Type: OTHER
  • Prop. Type: Residential Income
  • Co List Office Mls Id: SPRL02
  • Directions: Webster to Central, Central to 4th
  • Garage Yn: No
  • remarks11: Offer date is Thursday 12/19- However, seller is open to accepting a preemptive offer. Those who have pulled disclosures will be notified of pending offers. Building is in poor condition, likely will be cash sale. Full Disclosures available by December 11th. (Home, Pest, and Roof Inspections). Some disclosures already available. 3/4 of units rented have leases. Estoppels will be made available if/when renters sign them. Test holes performed on 12/12. Buyer to verify square footage, Buyer to verify with City Planning regarding tear down/rebuild possibilities. Alameda has rent control. Please verify ordinances. https://www.alamedarentprogram.org/Home Disclosure Link: https://app.disclosures.io/link/401-Central-Avenue-whe9yv1m Please include proof of funds with offer, City of Alameda Purchase Agreement, CR, Commercial purchase agreement, and cover letter acknowledging disclosures.
  • remarks22: Heather Duke - 510-872-1569 - Incredible opportunity for a developer with a vision. Over 5,000 square ft interior space as built for 5 plex. Alameda's largest Avocado tree resides on the lot! There are two garages (storage) and one carport as well. One unit (3/2.5) is vacant, then there are three 1 bed 1 bath and one studio apartment. Motivated seller! Lot is 14,616 sq ft per public records (buyer to verify) (0.34 acres) Tours only: Saturday 12/14/2024- 10A-11AM Sunday 12/15/2024- 10A-11AM Tuesday 12/17/2024- 11A-1PM
  • Special Features: VirtualTour

Interior Features

  • Flooring: Other
  • Other Equipment: None

Exterior Features

  • Roof: Other
  • Construction Type: Stucco, Other

Utilities

  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 14616
  • Parcel Number: 74446401

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

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $1,495,000 -- --
01/09/2025 01/09/25 Sold $1,250,000 -16.4% $241 / Sq Ft
12/12/2024 12/12/24 For Sale $1,495,000 -- $288 / Sq Ft
Source: Bay East Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2025

    Heather Duke

    Compass

    (510) 254-3831

    10 in this area

    55 Total Sales

    Heather Duke
    Section Image
  • Jeff Goodman

    Seller Co-Listing Agent in 2025

    Jeff Goodman

    Compass

    (510) 254-3831

    18 in this area

    98 Total Sales

    Jeff Goodman
    Section Image

  • L

    Buyer's Agent in 2025

    Lejla Ahmetspahic

    Realsmart Properties

    Section Image
See All Agents

Map

Source: Bay East Association of REALTORS®

MLS Number: 41080572

Bay East Association of REALTORS®
California Alameda County Alameda 94501 West Alameda

401 Central Ave, Alameda, CA

Sold

MultiFamily

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