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2137 Otis Dr 111, Alameda, California 94501, Alameda, 94501 - 1 bed, 1 bath

2137 Otis Dr 111, Alameda, California 94501 home-pic-0
ACTIVE$448,999
2137 Otis Dr 111, Alameda, California 94501
1Bed
1Bath
920Sqft
73,180Lot
Year Built
1966
Close
-
List price
$449K
Original List price
$459K
Price/Sqft
$488
HOA
$630
Days on market
-
Sold On
-
MLS number
41117882
Home ConditionExcellent
Features
Deck
View-

About this home

We found 5 Cons,6 Pros. Rank: price - $449.0K(15th), sqft - 920(28th), beds - 1(20th), baths - 1(30th).

OVER 45K in upgrades in 2025! 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

Price History

Date
Event
Price
12/03/25
Price Change
$448,999-2.2%
11/20/25
Listing
$458,999
03/07/25
Sold
$405,000
12/31/15
Sold
$370,000
05/03/94
Sold
$112,500
Condition Rating
Excellent
Despite being built in 1966, this condo has undergone extensive renovations in 2025, with over $45K in upgrades. The interior features new LVP flooring, fresh paint, new double-pane windows, and updated electrical throughout. The kitchen boasts new Whirlpool stainless steel appliances, modern quartz countertops, and a contemporary backsplash. The bathroom is fully remodeled with a cultured marble tub enclosure, custom mirror, and sliding glass shower door. All major interior components are new or virtually new, presenting a turnkey property that meets current quality standards.
Pros & Cons

Pros

Great Schools: Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Extensive Recent Renovations: Over $45K in upgrades, including new LVP flooring, fresh paint, remodeled bathroom, new Whirlpool stainless appliances, updated electrical, double-pane windows, and new doors, making it a truly turnkey property.
Prime Island Location: Situated just blocks from the beach, South Shore Shopping, and Park Street dining, offering exceptional convenience and a desirable lifestyle in Alameda.
Modern & Turnkey Condition: The comprehensive updates ensure a move-in ready home with contemporary finishes and functionality, appealing to buyers seeking immediate comfort and minimal initial investment.
Strong Investment Potential: Positioned in a desirable Alameda location with significant recent upgrades, making it attractive for both personal use as a retreat and as a smart rental investment.
Access to Highly-Rated Schools: Proximity to top-rated public schools like Alameda High (9/10) and Donald D. Lum Elementary (9/10) adds significant value for potential residents.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 920, other record living area = 863.
Recently Sold Property: The property was recently sold within the past year on 2025-03-07. The sold price is $405,000.00.
High Monthly HOA Dues: An association fee of $630.0 per month is substantial for a 1-bedroom unit, significantly impacting overall monthly housing costs and affordability.
Older Building Structure: Despite extensive interior renovations, the building itself was constructed in 1966, which could imply potential for future common area assessments or maintenance issues related to aging infrastructure.
Recent Price Reduction: A recent price drop from $458,999 to $448,999 might suggest initial overpricing or slower market absorption, potentially raising questions for prospective buyers.

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