
Alameda, California 94501
This 1894 Victorian represents a High-Potential Investment Opportunity, listed at a List Price of $1,095,000—positioned well below the $1,145,621 Fair Market Value by 4%. This valuation gap offers $50,621 in Instant Equity. With a Condition Rating of 4, the property requires significant restoration, yet offers rare Flexible Income Potential via its dual-unit configuration. Located in the Alameda City Unified district near 9/10 rated schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1715 Bay St Subject 4 bd · 4 ba · 2,815 sqft · $407 | $1,095,000* List Price | 4 | 4 | 2,815 | $407 | - |
A 1801 Buena Vista Ave Sold 6 bd · 2 ba · 2,700 sqft · $415 · 0.7 mi | $1,120,000 | 6 | 2 | 2,700 | $415 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1894, this Victorian home is positioned as a restoration project. While the kitchen shows a previous renovation (approx. 15-20 years old) with stone counters and stainless appliances, the remainder of the home is significantly dated with heavily stained carpeting, peeling wallpaper, and aged finishes that require substantial cosmetic and likely system updates.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
This 1894 Victorian home retains rare period details including 11-foot ceilings, stained-glass windows, and ornate turned-wood trim, offering a unique aesthetic that appeals to heritage enthusiasts.
The dual-unit configuration with separate entrances and utility meters provides exceptional versatility for multigenerational living or the opportunity to generate rental income from the 2-bedroom back unit.
The property is positioned as a major project requiring significant capital investment to modernize systems and finishes while preserving its 19th-century structural integrity.
Achieving full legal separation between the front and back units may require complex structural modifications and city approvals, posing a potential hurdle for buyers seeking immediate occupancy.
A rare opportunity to restore and reimagine an 1894 Victorian-era Alameda home with remarkable architectural character and unusually flexible living options. Ornate turned-wood porch details, decorative exterior and interior trim, stained-glass windows, wood floors, impressive 11-foot ceilings and a distinctive cast-iron wood-burning stove give this home a true sense of place. Its surviving period details will appeal to a buyer who appreciates Alameda’s architectural heritage and has the vision to thoughtfully transform the property. The front residence offers 3 bedrooms, 2 baths, generous living and dining rooms, a kitchen and a second gathering space, providing a canvas for period restoration, modern updates or a blend of both. The separately configured 2-bedroom, 2-bath back unit has its own entrance, living area and kitchen, creating flexibility for multigenerational living, extended family, guests or an owner seeking additional income potential. An interior stairwell connects the spaces and could potentially be enclosed for greater separation, subject to buyer investigation and approvals. Separate utility meters serve the two living spaces. A large lower-level bonus room, 2-car garage, long driveway and additional parking add practicality. The back deck, sun deck and backyard provide room to create your own outdoor vision. Historic character, flexible living and room to make it your own. A distinctive Alameda property unlike any other, ready for its next chapter.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 4-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,815 | 1,790.196 |
| Lot Size | 5,644 | 4,403.078 |
| Price | $1.09M | $1.42M |
| Price per sq ft | $389 | $831 |
| Built year | 1894 | 1928 |
| HOA | $0 | $269 |
| Days on market | 23 | 37 |
Oct 1, 2026
$1,095,000
Initial Listing
Sep 14, 2011
$765,000
Public Record
Oct 15, 1999
$390,000
Public Record