2137 Otis Drive 302, Alameda, California 94501, Alameda, 94501 - 2 bed, 2 bath
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Alameda, California 94501
This Turnkey Condominium is a Strong Value Opportunity, listed at $478,000—positioned well below the $485,853 Fair Market Value by 1.6%. This valuation gap offers $7,853 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the unit includes a modernized kitchen and scenic Bay views. Located near Top-Rated Schools like Alameda High, this residence offers a balanced lifestyle. It is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2137 Otis Drive 302 Subject | $478,000* List Price | 2 | 2 | 1,090 | $446 | - |
A 2137 Otis Dr 322 Sold | $585,000 | 2 | 2 | 1,056 | $554 | 0.0 mi |
B 1701 Central Ave R Sold | $485,000 | 2 | 2 | 1,176 | $412 | 0.7 mi |
C 1401 Cottage St D Active | $605,000 List Price | 2 | 2 | 1,163 | $520 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the building was constructed in 1966, the unit has undergone a recent cosmetic refresh making it move-in ready. Updates include new stainless steel kitchen appliances, new countertops, a new bathroom vanity, and fresh paint and carpeting. Although the kitchen cabinetry and bathroom wall tiles are dated, the property is well-maintained and functional.
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Situated directly across from South Shore Center and near shoreline paths, the property offers unparalleled convenience to shopping, dining, and public transit.
As a top-floor end unit, this residence maximizes privacy and natural light while providing scenic views of the San Francisco Bay and Coit Tower.
The $630 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratio for some buyers.
Constructed in 1966, the building may lack the modern energy efficiencies and contemporary structural standards found in newer condominium developments.
Perched on the top floor as a desirable end unit, this sun-drenched 2-bedroom, 2-bath residence offers comfort, convenience, and picturesque Bay Area views. An enclosed sun porch welcomes the morning light, creating the perfect retreat for coffee or relaxation, while natural light fills the home throughout the day into the living room and bedrooms. Enjoy partial views of the San Francisco Bay, the Peninsula skyline, and Coit Tower. Thoughtful updates include fresh paint, new carpeting in most rooms, and a refreshed kitchen featuring a new countertop, stainless steel range, dishwasher, microwave, and sink. Additional features include secure underground parking adjacent to the elevator and dedicated storage cabinets. The Saint Francis community amenities include a swimming pool, fitness center, recreation room, and scenic lagoon setting. Water and garbage are included in the HOA dues. Located directly across from South Shore Center, residents enjoy easy access to popular restaurants, shopping, grocery stores, and everyday conveniences. Nearby shoreline paths, ferry terminals, Park Street attractions, and public transit provide an outstanding Alameda 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,090 | 1,090 | 50% |
| Lot Size | 73,180 | 35,258 | 69% |
| Price | $478.0K | $630.0K | 34% |
| Price per sq ft | $439 | $554 | 11% |
| Built year | 1966 | 1972 | 11% |
| HOA | $630.0 | $630 | 50% |
| Days on market | 10 | 128 | 3% |
Jun 4, 2026
$478,000
Initial Listing