Active

954 Park St

Alameda, CA 94501

$1,625,000 $6,851/Mo

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Overview

Bed

Bath

7,421

Sqft(Lot)

Description

Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $161,500 and the CAP rate goes to 9.94%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. I n addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.

Property Details

Property Type : Residential Income

Price : $1,625,000

AD Id : 66720370

MLS Id : 41109306

Lot Size : 7,421 Sqft

Year Built : 1910

County : Alameda

Subdivision: Fallbrook

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0
Interior Features

Roof: Shingle
Cooling Features

None Air Conditioning

Heating Source

See Remarks Has Heating

Building Information

Year Built: 1910 Construction: Wood Siding Roof: Shingle

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1704
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7421

Listing Price Information

Original List Price: 1,625,000 Listing Contract Date: 2025-08-25

Tax Information

Parcel Number: 7018144

Rental Info

Lease Term: Negotiable Tenant Pays: Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: Directions: Otis then north on Park Street Cross Street: Otis. Zoning: R-4 Source Property Type: Residential Income
Building and Construction

Property Age: 116 Year Built Source: Vendor Enhanced

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Clay Street, Alameda, CA, 94501	$1,300,000	2	1	1,290	1,290 SqFt
Sentinel Drive, Alameda, CA, 94501	$859,500	2	1	1,066	1,066 SqFt
Sentinel Drive, Alameda, CA, 94501	$869,000	2	2	1,066	1,066 SqFt
Everett St, Alameda, CA, 94501	$899,000	2	2	2,255	2,255 SqFt
2358 Stanford Street, Alameda, CA, 94501	$1,299,990	3	3	2,189	2,189 SqFt
2053 Clement Avenue, Alameda, CA, 94501	$1,059,999	2	2	1,628	1,628 SqFt
2417 Marti Rae Ct, Alameda, CA, 94501	$725,000	1	1	798	798 SqFt
1726 Eagle Ave, Alameda, CA, 94501	$1,148,888	3	2	1,639	1,639 SqFt
1813 Minturn St, Alameda, CA, 94501	$799,000	2	1	1,007	1,007 SqFt
1821 Grand St, Alameda, CA, 94501	$950,000	3	1	1,350	1,350 SqFt

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ByOwner last updated this listing 04/06/2026 @ 23:18

MLS: 41109306 LISTED BY: Rich Krinks, BHHS Drysdale Properties 510-523-1144 SOURCE: CRMLS