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1100 Park Ave, Alameda, California 94501, Alameda, 94501 - bed, bath

1100 Park Ave, Alameda, California 94501 home-pic-0
ACTIVE$1,195,000
1100 Park Ave, Alameda, California 94501
0Bed
0Bath
Sqft
7,940Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Location & Amenities: Strategically positioned within a short walk to the beach, South Shore Center, and vibrant Park Street, offering unparalleled convenience and lifestyle appeal.
Top Cons:
Historic Property Age: Built in 1926, the property's age may necessitate significant capital expenditures for system upgrades, structural maintenance, or modernization to meet contemporary standards.

Compared to the nearby listings

Price:$1.20M vs avg $1.24M ($-40,000)50%
Size: sqft vs avg sqft50%
Price/sqft:$0 vs avg $050%

More Insights

Built in 1926 (99 years old).
Condition: Built in 1926, this multi-unit property shows significant age and wear throughout. While one kitchen (Image 4) features some newer base cabinets, countertop, and backsplash, it appears to be an incomplete update with dated upper elements and flooring. Another kitchen (Image 6) is completely original with very outdated cabinets, blue tile countertops, and an integrated sink, requiring a full renovation. The living areas (Images 3, 5) display heavily worn hardwood floors, peeling paint/texture on walls and ceilings (with visible stains), and very dated light fixtures and wall heaters. The overall condition indicates a need for substantial repairs and rehabilitation across multiple units to meet modern living standards and comfort.
Year Built
1926
Close
-
List price
$1.2M
Original List price
$1.25M
Price/Sqft
$0
HOA
-
Days on market
-
Sold On
-
MLS number
41086661
Home ConditionPoor
Features
Deck
View-

About this home

Perfectly positioned 4-unit building just a short walk to the beach, South Shore Center, and vibrant Park Street. All units feature one bedroom layouts. Two units will be delivered vacant - upstairs left (Unit 1102) and downstairs front (Unit 1100). This property sits in the highly desirable Alameda Unified School District, known for its excellent schools including Otis Elementary, Lincoln Middle School, and Alameda High School. All three schools have consistently strong academic performance ratings. The building sits on a generously sized lot with excellent potential for ADU development to maximize your investment. Whether you're looking to owner-occupy or seeking a pure investment opportunity, this well-located building offers multiple paths to build value. Take advantage of this rare opportunity to acquire a multi-unit property in this desirable neighborhood. Two units to be delivered vacant allowing for immediate repositioning while the spacious lot provides room for future expansion. Contact for more details and showing information.

Nearby schools

8/10
Frank Otis Elementary School
Public,•K-5•0.5mi
8/10
Edison Elementary School
Public,•K-5•0.8mi
9/10
Amelia Earhart Elementary School
Public,•K-5•0.9mi
9/10
Lincoln Middle School
Public,•6-8•0.8mi
9/10
Alameda High School
Public,•9-12•0.5mi
Condition Rating
Poor
Built in 1926, this multi-unit property shows significant age and wear throughout. While one kitchen (Image 4) features some newer base cabinets, countertop, and backsplash, it appears to be an incomplete update with dated upper elements and flooring. Another kitchen (Image 6) is completely original with very outdated cabinets, blue tile countertops, and an integrated sink, requiring a full renovation. The living areas (Images 3, 5) display heavily worn hardwood floors, peeling paint/texture on walls and ceilings (with visible stains), and very dated light fixtures and wall heaters. The overall condition indicates a need for substantial repairs and rehabilitation across multiple units to meet modern living standards and comfort.
Pros & Cons

Pros

Exceptional Location & Amenities: Strategically positioned within a short walk to the beach, South Shore Center, and vibrant Park Street, offering unparalleled convenience and lifestyle appeal.
Immediate Income & Repositioning Potential: A 4-unit building with two units delivered vacant, providing immediate rental income opportunities, owner-occupancy flexibility, and the ability to optimize rents.
Significant Value-Add Opportunity (ADU): Features a generously sized 7,940 sqft lot with excellent potential for Accessory Dwelling Unit (ADU) development, allowing for substantial investment maximization.
Highly Desirable School District: Situated in the top-rated Alameda Unified School District, known for its consistently strong academic performance across multiple elementary, middle, and high schools.
Versatile Investment Profile: Catters to both owner-occupants and pure investors, offering diverse strategies to build equity and value in a sought-after neighborhood.

Cons

Historic Property Age: Built in 1926, the property's age may necessitate significant capital expenditures for system upgrades, structural maintenance, or modernization to meet contemporary standards.
Limited Unit Configuration: All units are one-bedroom layouts, which could restrict the potential tenant demographic and may not appeal to families or individuals requiring more living space.
Recent Price Adjustments: Multiple price reductions from the original listing price suggest potential overpricing or challenges in market absorption, which could impact perceived value or future appreciation.

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