
Alameda, California 94501
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $589,000—positioned well below the $601,299 Fair Market Value by 2%. This valuation gap offers $12,299 in Instant Equity. Featuring an updated kitchen, custom shutters, and a dedicated EV charger, the unit maintains a Condition Rating of 3. Located near top-rated schools like Alameda High and South Shore Center, this property is an ideal choice for first-time buyers or owner-occupants seeking a lifestyle-focused, low-maintenance residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2137 Otis Dr 101 Subject | $589,000* List Price | 2 | 2 | 1,187 | $507 | - |
A 2101 Shoreline Dr 299 Sold | $745,000 | 2 | 2 | 1,274 | $585 | 0.3 mi |
B 1500 Alameda Ave G Sold | $599,000 | 2 | 2 | 1,002 | $598 | 0.8 mi |
C 2137 Otis Drive 302 Sold | $485,000 | 2 | 2 | 1,090 | $445 | - |
D 933 Shorline Drive 306 Sold | $638,000 | 2 | 2 | 1,360 | $469 | 1.0 mi |
E 1601 Broadway 9 Sold | $650,000 | 3 | 2 | 1,200 | $542 | 0.9 mi |
F 2133 Santa Clara Ave 217 Sold | $530,000 | 2 | 2 | 1,212 | $437 | 0.6 mi |
G 1701 Central Ave R Sold | $485,000 | 2 | 2 | 1,176 | $412 | 0.7 mi |
H 960 Shorepoint Ct 120 Active | $515,000 List Price | 2 | 2 | 1,152 | $447 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the building was constructed in 1964, the unit itself features an updated kitchen, modern flooring, and custom shutters. The interior appears well-maintained and move-in ready, further supported by the addition of a dedicated EV charger, indicating some electrical modernization.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Situated directly across from South Shore Center and just blocks from Crown Memorial State Beach, offering unparalleled access to shopping, dining, and outdoor recreation.
The unit includes a dedicated EV charger in the assigned underground parking space, a rare and valuable feature complemented by extensive community amenities like a lagoon-side pool and fitness center.
The monthly HOA fee of $700 is relatively high, which may impact the overall monthly carrying costs and affordability for some buyers.
Originally constructed in 1964, the property may lack the modern soundproofing and energy-efficient structural standards found in newer condominium developments.
Welcome to 2137 Otis Drive #101, a spacious first-level end unit in one of those Alameda locations that makes everyday life easy. With 2 bedrooms, 2 full baths and approximately 1,187 square feet, there’s plenty of room to spread out without giving up the convenience of condo living. South Shore Center is right across the street, with Trader Joe’s, restaurants, coffee, shopping and groceries all close by. A few blocks away is Crown Memorial State Beach and the shoreline—great for a morning walk, bike ride, afternoon at the beach or an evening sunset. Park Street and Downtown Alameda are just minutes away when you’re looking for more restaurants, shops and local favorites. Inside, the home is light and comfortable with an updated kitchen, custom shutters and a generous amount of storage. One of our favorite features is the enclosed porch/bonus area off the living space. French doors open to this extra space overlooking Otis Drive, giving you options for a home office, reading area, hobby room or just a quiet place to relax. The assigned parking space is located in the underground garage and includes its own dedicated EV charger. There’s also additional storage conveniently located next to the parking space. The St. Francis community offers a lagoon-side swimming pool with built-in BBQ, clubhouse with full kitchen, fitness center, sauna and billiard room. Schools, parks, public transportation, ferry service and Oakland International Airport are all within easy reach. South Shore Center across the street, the beach just blocks away and Downtown Alameda minutes from your door. It’s a chance to enjoy the space, convenience and lifestyle of Alameda at a fraction of the cost of many single-family homes on the island.
No exterior & parking available.
Grades 4-5 • 0.5 mi
Grades 6-8 • 0.5 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,187 | 1,428.636 |
| Lot Size | 73,180 | 34,764.636 |
| Price | $589.0K | $699.0K |
| Price per sq ft | $496 | $532 |
| Built year | 1964 | 1999 |
| HOA | $700.0 | $537 |
| Days on market | 15 | 51 |
Aug 25, 2026
$589,000
Initial Listing
Jul 19, 2021
$665,000
Public Record