1844 Elm Street, Livermore, California 94551, Livermore, 94551 - 5 bed, 2 bath
ACTIVE$1,258,000
1844 Elm Street, Livermore, California 94551
5Beds
2Baths
3,102Sqft
8,700Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Property: The property includes a main home and two additional income-producing units, generating approximately $6,200 in monthly rental income, making it an excellent investment opportunity with strong cash flow.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Compared to the nearby listings
Price:$1.26M vs avg $1.06M (+$198,000)75%
Size:3,102 sqft vs avg 1,475 sqft98%
Price/sqft:$406 vs avg $6941%
More Insights
Built in 1943 (82 years old).
Condition: Built in 1943, the property's main home features a very dated kitchen with oak cabinets, tile countertops, and older appliances, requiring substantial rehabilitation. While one bathroom shows a partial update with modern tile, the overall condition, coupled with the property's age and the explicit mention of potential significant updates needed for major systems (plumbing, electrical, HVAC), indicates a need for considerable investment beyond minor repairs to meet current standards.
Year Built
1943
Close
-
List price
$1.26M
Original List price
$1.26M
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027261
Home ConditionPoor
Features
Patio
View-
About this home
INCOME PROPERTY! Listing price includes both 1844 and 1846 Elm St. Welcome to 1844,1846 Elm St, Livermore (both properties share the same lot). This listing features a spacious 5-bedroom, 2-bath main home, along with two additional income-producing units at 1846 Elm St (each 1 bed/1 bath Units A & B). Located just minutes from Livermore's historic downtown, you'll enjoy convenient access to premium outlets, restaurants, movie theater, shops, grocery stores, and more. The property currently generates approximately $6,200 in monthly rental income, making it an excellent opportunity for investors seeking strong cash flow. Situated on a premium lot. Don't miss this rare opportunity!
Nearby schools
5/10
Marylin Avenue Elementary School
Public,•K-5•0.6mi
6/10
Jackson Avenue Elementary School
Public,•K-5•1.9mi
4/10
Junction Avenue K-8 School
Public,•K-8•0.5mi
5/10
East Avenue Middle School
Public,•6-8•1.6mi
7/10
Livermore High School
Public,•9-12•1.0mi
7/10
Granada High School
Public,•9-12•1.2mi
Price History
Date
Event
Price
10/27/93
Sold
$242,500
01/10/14
Sold
$600,000
Condition Rating
Poor
Built in 1943, the property's main home features a very dated kitchen with oak cabinets, tile countertops, and older appliances, requiring substantial rehabilitation. While one bathroom shows a partial update with modern tile, the overall condition, coupled with the property's age and the explicit mention of potential significant updates needed for major systems (plumbing, electrical, HVAC), indicates a need for considerable investment beyond minor repairs to meet current standards.
Pros & Cons
Pros
Income-Generating Property: The property includes a main home and two additional income-producing units, generating approximately $6,200 in monthly rental income, making it an excellent investment opportunity with strong cash flow.
Multi-Unit Configuration: Featuring a spacious 5-bedroom, 2-bath main home alongside two 1-bedroom, 1-bath units, this property offers versatile living arrangements, ideal for owner-occupancy with rental income or a pure investment portfolio.
Prime Location: Located just minutes from Livermore's historic downtown, residents enjoy convenient access to premium outlets, restaurants, a movie theater, shops, and grocery stores, enhancing desirability and rental appeal.
Spacious Main Residence: The main home boasts 5 bedrooms and 2 bathrooms, providing ample space for a large family or potential for higher rental yield if converted.
Premium Lot: Situated on a premium 8,700 sqft lot, the property offers potential for outdoor amenities, privacy, or future expansion, adding to its long-term value.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
Age of Property: Built in 1943, the property may require significant updates to systems (plumbing, electrical, HVAC) and aesthetics, potentially leading to substantial renovation costs for a new owner.
Shared Lot Configuration: Both 1844 and 1846 Elm St share the same lot, which could lead to complexities regarding privacy, shared utilities, property boundaries, or future development restrictions.
Lack of Main Home Condition Details: The description focuses on income potential but provides no details on the condition or recent renovations of the main 5-bedroom home, suggesting potential for deferred maintenance or outdated features.