2137 Otis Dr 315, Alameda, California 94501, Alameda, 94501 - 3 bed, 2 bath
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Alameda, California 94501
This Lagoon-View Condominium is a Strong Value Opportunity, listed at $549,000—positioned well below the $595,305 Fair Market Value by 7%. This valuation gap offers $46,305 in Instant Equity for the buyer. Featuring a Condition Rating of 4, the unit includes recent cosmetic updates, new appliances, and a private top-floor setting. With proximity to Top-Rated Schools like Alameda High and resort-style amenities, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a lifestyle-focused, high-potential home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2137 Otis Dr 315 Subject | $549,000* List Price | 3 | 2 | 1,380 | $431 | - |
A 1701 Central Ave R Sold | $485,000 | 2 | 2 | 1,176 | $412 | 0.7 mi |
B 2133 Santa Clara Ave 217 Sold | $530,000 | 2 | 2 | 1,212 | $437 | 0.6 mi |
C 933 Shorline Drive 306 Sold | $638,000 | 2 | 2 | 1,360 | $469 | 1.0 mi |
D 2515 Central 102 Sold | $600,000 | 2 | 2 | 1,271 | $472 | 0.7 mi |
E 2137 Otis Drive 302 Sold | $485,000 | 2 | 2 | 1,090 | $445 | - |
F 1401 Cottage St D Active | $567,000 List Price | 2 | 2 | 1,163 | $488 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, the property is over 50 years old. While it features recent cosmetic updates such as fresh paint, new light fixtures, and new kitchen appliances, there is no evidence of a full kitchen or bathroom remodel or system upgrades (HVAC/Electric) within the last 15 years, keeping it in the dated but functional category.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
The property boasts an unbeatable location within walking distance to the beach, South Shore Center, and top-rated schools, offering a highly convenient urban-coastal lifestyle.
As a top-floor unit with no neighbors above, this home provides enhanced privacy and features rare, serene lagoon views that are highly sought after in this building.
The monthly association fee of $680 is a significant recurring expense that may impact the overall affordability and budget for some prospective buyers.
Built in 1966, the building may lack the modern energy efficiency and contemporary soundproofing standards found in newer condominium developments.
www.2137Otis315.com to see vidoes, 3D tours. Views!!! This 3-bedroom, 2-bath lagoon-view home does not come on the market often in this building. The location is unbeatable. You can walk to the beach, South Shore Center, and Alameda Hospital. Alameda High School is just a 10-minute walk away for your children. Every year, you can enjoy the 4th of July parade right in front of your building. You and your family will also love the newly renovated swimming pool, clubhouse, tennis court, and BBQ area. Not to mention, this top-floor unit has no neighbors above you and offers beautiful lagoon views. The home includes a secure parking space, garden area, fresh paint throughout, and plenty of storage with a walk-in closet or pantry. New light fixtures make the home bright and welcoming, while the new kitchen appliances make daily cooking more enjoyable and convenient. This is more than a home. it's a lifestyle.
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 | 3.0 | 2.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,380 | 1,462 |
| Lot Size | 73,180 | 12,092 |
| Price | $549.0K | $677.0K |
| Price per sq ft | $398 | $552 |
| Built year | 1966 | 2016 |
| HOA | $680.0 | $450 |
| Days on market | 6 | 53 |
Jul 16, 2026
$549,000
Initial Listing
Sep 14, 2012
$314,500
Public Record