1912 Lafayette St, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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Alameda, California 94501
This Central Alameda Duplex is listed at $795,000, representing a strategic acquisition in a supply-constrained market near its $731,912 Fair Market Value. Held by the same owner for over 60 years, the property carries a Condition Rating of 4, signaling significant Value-Add Potential through interior modernization and rental growth. The location is anchored by Top-Rated Schools including Donald D. Lum Elementary (9/10) and Alameda High School (9/10), offering exceptional lifestyle appeal near Park Street. This asset is an ideal opportunity for Buy-and-Hold Investors or Owner-Occupants seeking to offset expenses with rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1912 Lafayette St Subject | $795,000* List Price | 0 | 0 | 1,148 | $638 | - |
A 1805 Eagle Ave Sold | $895,000 | 0 | 0 | 1,350 | $663 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946 and held by the same owner for over 60 years, the property is functional but shows significant signs of age and deferred maintenance. The kitchen features dated oak cabinetry and laminate counters likely from a decades-old partial update, while the bathrooms and living areas contain older fixtures, wall heaters, and acoustic tile ceilings. While move-in ready for some, the property requires comprehensive interior modernization and likely system upgrades to meet current market standards.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Situated near the vibrant Park Street district and San Francisco ferry, this property offers exceptional walkability and commuting convenience in a high-demand rental market.
Offered for the first time in over 60 years, the property provides a rare opportunity to build equity through interior modernization and market-rate rental growth.
Reflecting over six decades of continuous ownership, the property will likely require substantial capital expenditure for cosmetic updates and potential system upgrades.
With only 1,148 total square feet divided between two units, the living spaces are relatively small, which may limit the ceiling for premium rental rates.
OPEN HOUSE SUNDAY 2–4. We have limited showings. DO NOT DISTURB OCCUPANTS. First time on the market in over 60 years, this Central Alameda duplex near the desirable Park Street district offers a rare opportunity for both owner-users and investors. The single-story property features two units on a well-sized lot, along with a detached garage and in-unit washer and dryers in each unit—highly desirable for tenants and owner-occupants. Ideal for an owner-user looking to offset expenses with rental income, or an investor seeking a long-term asset in a supply-constrained market. The property reflects long-term ownership and provides a solid foundation for future improvements and value creation. Enjoy close proximity to Park Street’s shops, restaurants, and amenities, as well as convenient ferry access to San Francisco—perfect for commuting or catching Giants games. Alameda remains a highly sought-after rental market due to its quality of life and limited housing supply. Strong upside potential through interior updates and rental growth. Buyer to verify all information including square footage, permits, zoning, and potential uses.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades 4-5 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,148 | 2,143 | 11% |
| Lot Size | 4,320 | 6,000 | 37% |
| Price | $795.0K | $1.10M | 5% |
| Price per sq ft | $693 | $474 | 84% |
| Built year | 1946 | 1900 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 168 | 5% |
Apr 10, 2026
$795,000
Initial Listing