2137 2137 Otis Dr 111, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath
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Alameda, California 94501
This Renovated Coastal Condo is a Strong Value Opportunity, listed at $429,000—positioned well below the $463,223 Fair Market Value by 7%. This valuation gap offers $34,223 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating following a $50,000 renovation, the interior features luxury vinyl plank flooring, a remodeled bathroom, and a private patio. Located steps from the beach and top-rated Alameda High, this turnkey residence is ideal for first-time buyers or Owner-Occupants seeking a move-in-ready island sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2137 2137 Otis Dr 111 Subject | $424,000* List Price | 1 | 1 | 920 | $466 | - |
A 960 Shorepoint 215 Sold | $410,000 | 1 | 1 | 795 | $516 | 1.0 mi |
B 955 955 Shorepoint Ct 216 Sold | $399,000 | 1 | 1 | 773 | $516 | 0.9 mi |
C 950 Shorepoint Ct. 100 Sold | $400,000 | 1 | 1 | 737 | $543 | 1.0 mi |
D 2031 Otis Dr H Active | $429,000 List Price | 1 | 1 | 798 | $538 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive $50,000 renovation in 2025, placing it well within the 5-year window for an 'excellent' rating despite its 1966 construction. The interior features brand-new luxury vinyl plank flooring, fresh paint, and a completely remodeled bathroom with modern cultured marble and smart fixtures. The kitchen is updated with stainless steel appliances and contemporary cabinetry, and all visible components appear new with no deferred maintenance.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Situated directly across from South Shore Center and steps from the Alameda Beach shoreline, this unit offers exceptional walkability to premier shopping, dining, and outdoor recreation.
The property features approximately $50,000 in recent improvements (2025), including luxury vinyl plank flooring, fresh interior paint, and a fully remodeled bathroom with premium finishes.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 920, other record living area = 863.
The property was recently sold within the past year on 2025-03-07. The sold price is $405,000.00.
The monthly HOA fee of $630 is relatively high for a one-bedroom unit, which may impact overall affordability and debt-to-income ratios for prospective buyers.
South Shore Center across the street • Near Alameda Beach shoreline • Ground-floor unit with patio. Updated 1-bedroom, 1-bath condo offering approx. 920 sq ft in the St. Francis community. Recent improvements include luxury vinyl plank flooring, fresh interior paint, and a remodeled bathroom with cultured marble enclosure and Bluetooth fan/light. Seller reports approximately $50K in upgrades (2025). Functional layout with open living and dining area and private patio for outdoor space. Assigned parking included. Community amenities include pool, fitness center, clubhouse, and elevator access. Located near South Shore Center shopping and dining, Alameda Beach shoreline, and Park Street business district, with access to nearby ferry service and major commute routes. Includes 3D walkthrough, video tour, and floor plan.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 19% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 920 | 1,138 | 22% |
| Lot Size | 73,180 | 24,088.5 | 67% |
| Price | $424.0K | $650.0K | 25% |
| Price per sq ft | $461 | $557 | 17% |
| Built year | 1966 | 1974 | 11% |
| HOA | $630.0 | $615 | 50% |
| Days on market | 57 | 174 | 8% |
Apr 15, 2026
$424,000
$429,000
-1% Price Drop
Initial Listing
Feb 24, 2026
$429,000
Initial Listing
Mar 7, 2025
$405,000
Public Record
Dec 31, 2015
$370,000
Public Record
May 3, 1994
$112,500
Public Record