2137 Otis Dr 111, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath
ACTIVE$459,000
2137 Otis Dr 111, Alameda, California 94501
1Bed
1Bath
863Sqft
73,180Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Modern Renovations: The property has undergone comprehensive recent renovations, including new LVP flooring, fresh paint, a fully remodeled bathroom, new stainless appliances, updated electrical, and new double-pane windows, ensuring a modern and move-in ready condition.
Top Cons:
High Monthly Association Fee: A monthly association fee of $630.0 is substantial for a 1-bedroom unit, impacting overall affordability and cash flow for an investor.
Compared to the nearby listings
Price:$459.0K vs avg $655.0K ($-196,000)18%
Size:863 sqft vs avg 1,138.5 sqft28%
Price/sqft:$532 vs avg $57925%
More Insights
Built in 1966 (59 years old).
Condition: Despite being built in 1966, this condo has undergone extensive and very recent renovations, as explicitly stated in the description and confirmed by the images. The property features new LVP flooring, fresh paint, new carpet in the enclosed deck, updated electrical, new double-pane windows, and new doors. The kitchen boasts new Whirlpool stainless steel appliances, modern white quartz-like countertops, and a contemporary sink/faucet. The bathroom is fully remodeled with a cultured marble tub enclosure, new sliding glass shower door, and modern fixtures. All components appear new or virtually new, meeting current quality standards, making it a turnkey property that aligns with the 'excellent' score criteria for a property extensively renovated within 5 years.
Year Built
1966
Close
-
List price
$459K
Original List price
$480K
Price/Sqft
$532
HOA
$630
Days on market
-
Sold On
-
MLS number
41110925
Home ConditionExcellent
Features
Deck
View-
About this home
Experience the best of island living in this beautifully updated 1-bedroom, 1-bath condo just blocks from the beach, South Shore Shopping, and Park Street dining. Inside, nearly every detail has been refreshed: new LVP flooring, fresh paint, and new carpet in the enclosed deck; a fully remodeled bathroom with a cultured marble tub enclosure, custom mirror, sliding glass shower door, and Bluetooth fan/light; plus new Whirlpool stainless appliances, updated electrical throughout, new double-pane windows, and new doors with hardware. Move right in and enjoy a turnkey home that blends comfort, convenience, and modern style, perfect as a personal retreat or smart investment in one of Alameda’s most desirable locations.
Nearby schools
9/10
Donald D. Lum Elementary School
Public,•4-5•0.5mi
5/10
Will C. Wood Middle School
Public,•6-8•0.5mi
9/10
Alameda High School
Public,•9-12•0.3mi
Condition Rating
Excellent
Despite being built in 1966, this condo has undergone extensive and very recent renovations, as explicitly stated in the description and confirmed by the images. The property features new LVP flooring, fresh paint, new carpet in the enclosed deck, updated electrical, new double-pane windows, and new doors. The kitchen boasts new Whirlpool stainless steel appliances, modern white quartz-like countertops, and a contemporary sink/faucet. The bathroom is fully remodeled with a cultured marble tub enclosure, new sliding glass shower door, and modern fixtures. All components appear new or virtually new, meeting current quality standards, making it a turnkey property that aligns with the 'excellent' score criteria for a property extensively renovated within 5 years.
Pros & Cons
Pros
Extensive Modern Renovations: The property has undergone comprehensive recent renovations, including new LVP flooring, fresh paint, a fully remodeled bathroom, new stainless appliances, updated electrical, and new double-pane windows, ensuring a modern and move-in ready condition.
Turnkey & Modern Living: With nearly every detail refreshed, this condo offers a true turnkey experience, blending comfort, convenience, and modern style for immediate enjoyment.
Desirable Island Location: Situated in one of Alameda’s most desirable locations, the condo is just blocks from the beach, South Shore Shopping, and Park Street dining, offering unparalleled access to amenities and recreation.
Strong Investment Opportunity: The property is explicitly highlighted as a 'smart investment,' appealing to buyers looking for a personal retreat or a valuable asset in a sought-after area.
Excellent School District Access: Proximity to highly-rated public schools like Alameda High School (rating 9) and Donald D. Lum Elementary School (rating 9) adds significant value for potential residents.
Cons
High Monthly Association Fee: A monthly association fee of $630.0 is substantial for a 1-bedroom unit, impacting overall affordability and cash flow for an investor.
Building Age: Built in 1966, the building is older, which could imply potential for aging common area infrastructure or higher long-term maintenance costs for the association, despite recent interior updates.
Multiple Price Reductions: The property has experienced multiple price reductions from its original list price of $479,999 to $459,000, potentially indicating initial overpricing or a slower market absorption rate.