2031 Otis Dr H, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath
2031 Otis Dr H
Alameda, California 94501
Property Price
SUMMARY
Analysis of 2031 Otis Dr H, Alameda, California 94501 is currently available with a list price of $465,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Alameda Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1968, this condo unit has undergone extensive and recent interior renovations. The description and images confirm new kitchen cabinets, quartz countertops, new appliances (excluding the refrigerator), luxury vinyl plank flooring, fresh paint, and newer dual-pane windows/patio doors. The bathroom also features a new vanity, countertop, sink, faucet, and light fixture. All these updates bring the interior to a virtually new condition, meeting current quality standards and requiring no immediate maintenance or renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Waterfront-Adjacent Location
Strategically located steps from South Shore Center, offering immediate access to shopping and dining, and a stone's throw from the beachfront with walking/biking paths and serene sunsets.
- Extensive Interior Updates
The unit boasts beautiful updates including new kitchen cabinets, quartz countertops, new appliances, luxury vinyl plank flooring, fresh paint, and a renovated bathroom, minimizing immediate buyer expenses.
- Valuable Community Amenities
The South Shore Lagoon Condos complex provides desirable amenities such as two swimming pools, two laundry rooms, and gated parking access, enhancing resident lifestyle and security.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The $550 monthly association fee is substantial and will significantly impact the overall cost of ownership, potentially affecting affordability for some buyers.
- Older Building Infrastructure
Built in 1968, the building's age, despite unit-specific updates, suggests that common area infrastructure may require significant maintenance or upgrades in the future, potentially leading to special assessments.
- Lack of Central Air Conditioning
The property description does not mention a cooling system, which could be a notable drawback for comfort during warmer months, especially for a top-floor unit.
About 2031 Otis Dr H
The convenience of condominium living in the heart of Alameda! Beautiful updates to this spacious one bedroom condo include kitchen cabinets, quartz countertops and some new appliances, luxury vinyl plank flooring and fresh paint throughout. Newer dual pane vinyl windows and patio doors with vertical blinds open to a shaded balcony. The spacious bedroom has a generous walk-in closet with built-in vanity. The bathroom features shower over tub, new coutertop, sink, faucet and light fixture. Located steps from South Shore Center, this top-floor unit is close to numerous shopping and dining options while also being a stone's throw from the beachfront, with its walking and biking paths and serene sunsets. South Shore Lagoon Condos boasts two swimming pools, two laundry rooms, and gated parking access. Included with this unit is one deeded carport space.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 138,520 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 9% |
| Baths | 1.0 | 2.0 | 16% |
| Square foot | 798 | 1,163.5 | 9% |
| Lot Size | 138,520 | 11,731 | 88% |
| Price | $465.0K | $720.0K | 16% |
| Price per sq ft | $583 | $581 | 53% |
| Built year | 1968 | 1973 | 16% |
| HOA | $550.0 | $572 | 50% |
| Days on market | 169 | 185 | 47% |
Pricing History
Listed for Sale
Jan 26, 2026
$465,000
$475,000
-2% Price Drop
Initial Listing
Price Change
Sep 19, 2025
$475,000
Initial Listing