2029 Otis Dr D, Alameda, California 94501, Alameda, 94501 - 0 bed, 1 bath
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Alameda, California 94501
This studio condominium presents a Strong Value Opportunity, listed at $297,000—positioned well above the $277,650 Fair Market Value. While the price reflects a premium, the property offers a Buy-and-Hold Investor or first-time buyer a low-maintenance asset in a prime South Shore location. Featuring a Fair Condition Rating and a rare fenced patio, the unit provides immediate access to the community pool and coastal trails. This property is an ideal entry point for those prioritizing lifestyle convenience and proximity to transit over immediate equity gains.
Property is moderate renovation needed.
Built in 1968, the property is over 50 years old but has received cosmetic updates. While the flooring and appliances appear newer, the kitchen cabinetry and wall heating systems are dated. It is move-in ready and functional, but the age of the systems and original features suggest a need for minor repairs or modernization to meet contemporary standards.
Situated in the highly desirable South Shore neighborhood, the property offers immediate proximity to Alameda Beach, scenic lagoons, and the South Shore Center's extensive shopping and dining options.
Unlike many studio units, this ground-floor condo features a large, fenced patio that seamlessly extends the living space outdoors, providing a rare private area for gardening or lounging.
Priced under $300,000, this property serves as an accessible entry point into the Alameda market, making it an attractive option for first-time buyers, investors, or those seeking a Bay Area pied-à-terre.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 425, other record living area = 945.
At just 425 square feet, the studio layout offers very compact living quarters, which may limit appeal for buyers requiring more storage or distinct living and sleeping areas.
The monthly association fee of $588 is relatively high given the unit's size and list price, which could impact the overall monthly affordability and return on investment for some buyers.
2029 Otis Dr Unit D offers comfortable, low-maintenance living in one of Alameda's most desirable South Shore neighborhoods. Thoughtfully designed to maximize every square foot, this ground-floor studio features a large sliding glass door that fills the home with natural light and creates a seamless indoor-outdoor living experience. The generously sized, fenced patio extends the living space outdoors, offering plenty of room for dining, lounging, gardening, or simply enjoying Alameda's mild year-round climate. The community pool and nearby lagoon are just a short walk away, adding to the easy, low-maintenance lifestyle that makes South Shore such a desirable place to call home. Located just moments from South Shore Center, you'll have easy access to grocery stores, restaurants, cafés, shopping, and everyday essentials. Alameda Beach is just minutes away, along with miles of walking, running, and biking trails. Park Street and Webster Street are both a short drive or bike ride away, offering local boutiques, dining, entertainment, and local favorites. Commuters will appreciate the convenient access to the SF Ferry, BART, AC Transit, and Oakland International Airport. Whether you're a first-time buyer, looking for a Bay Area pied-à-terre, downsizing, or searching for an investment opportunity, 2029 Otis Dr #D offers an exceptional combination of comfort, convenience, and location in the heart of Alameda.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 425 | 1,462 |
| Lot Size | 138,520 | 12,092 |
| Price | $297.0K | $677.0K |
| Price per sq ft | $699 | $552 |
| Built year | 1968 | 2016 |
| HOA | $588.0 | $450 |
| Days on market | 5 | 53 |
Jul 17, 2026
$297,000
Initial Listing