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Listed by GianLuca Jacoli, DRE #01938297 • Shield CRE, Inc.
$ 1,555,000
Est. payment | /mo
2 Beds
5 Baths
2,381 SqFt
$ 1,555,000
Est. payment | /mo
2 Beds
5 Baths
2,381 SqFt
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,381 sqft
Price per Sqft $653
MLS Listing ID EB41145751
Bedrooms 2
Year Built 1905
Lot Size 8,750 Sqft
Property Sub-Type Triplex
Source Bridge MLS
Property Description
2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.40% current cap rate and upside to a 7.07% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2
Location
State CA
County Alameda
Area Alameda Map Area 2
Interior
Heating Other
Cooling Other
Flooring Other, Wood
Laundry Other
Exterior
Exterior Feature Other
Parking Features Other
Roof Type Other
Others
Tax ID 74-1235-72
Special Listing Condition New
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