1844 Elm Street, Livermore, California 94551, Livermore, 94551 - bed, bath
ACTIVE$1,258,000
1844 Elm Street, Livermore, California 94551
0Bed
0Bath
3,102Sqft
8,700Lot
Year Built
1943
Close
-
List price
$1.26M
Original List price
$1.26M
Price/Sqft
$406
HOA
-
Days on market
-
Sold On
-
MLS number
ML82027961
Home ConditionFair
Features
Patio
View-
About this home
We found 3 Cons,5 Pros.
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
11/19/25
Listing
$1,258,000
01/10/14
Sold
$600,000
10/27/93
Sold
$242,500
Condition Rating
Fair
The property was built in 1943, making it an older home. While it appears to be maintained and is generating rental income, the interior images, particularly the kitchen, show significantly outdated features. The kitchen has original-style oak cabinets, tiled countertops, and older appliances, suggesting renovations were done 20-30+ years ago or not at all in these areas. There's no evidence of recent extensive renovations that would bring it to a 'Good' or 'Excellent' standard. The flooring is a mix of older hardwood, dated tile, and carpet that appears functional but not new. Major systems are likely functional but show signs of being outdated, aligning with the 'Fair' condition criteria of requiring minor updates or repairs and being aged but maintained through regular upkeep.
Pros & Cons
Pros
Substantial Rental Income: The property currently generates approximately $6,200 in monthly rental income, offering strong cash flow and an attractive return for investors.
Versatile Multi-Unit Configuration: Features a spacious 5-bedroom main home alongside two additional 1-bedroom income-producing units, providing diversified income streams and flexible occupancy options.
Prime Downtown Livermore Location: Situated just minutes from Livermore's historic downtown, offering convenient access to premium outlets, diverse restaurants, entertainment, and essential services.
Generous Premium Lot: Located on a substantial 8,700 sqft premium lot, providing ample space and potential for outdoor amenities or future property enhancements.
Clear Investment Opportunity: Explicitly marketed as an 'INCOME PROPERTY!' and a 'rare opportunity' for investors, highlighting its primary value proposition for cash flow and portfolio growth.
Cons
Historic Property Age: Built in 1943, the property's age may imply outdated systems (plumbing, electrical, HVAC) and could lead to higher ongoing maintenance and repair costs.
Shared Lot Arrangement: Both properties share the same lot, which could introduce complexities regarding shared responsibilities, privacy, or potential future property division.
Potential for Capital Expenditures: Given its age and multi-unit nature, a new owner should anticipate potential capital expenditures for renovations or system upgrades to maintain market competitiveness and tenant satisfaction.