2305 San Jose Ave, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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2305 San Jose Ave
Alameda, California 94501
ACTIVE
CONDITION: FAIR
0Beds
0Baths
2,538Sq Ft
7,500Lot Size
Property Price
LIST PRICE$1,599,000
EST. MARKET VALUE
$1,393,104
14% AboveMARKET VALUE
SUMMARY
This Quadruplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,599,000—positioned above the $1,393,105 Fair Market Value. While priced at a premium, the property offers a rare configuration of two duplexes on a 7,500 sqft lot. With a Condition Rating of 4, the interior requires minor cosmetic updates to maximize rental yields. Located in a walker’s paradise (Walk Score 93) near top-rated schools like Alameda High School (9/10), this property is ideal for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Estimated Market Value
$1,393,104
Based on Realkey algorithm analyzing recent comparable sales in Alameda.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2305 San Jose Ave Subject | $1,599,000* List Price | 0 | 0 | 2,538 | $549 | - |
A 2135 Buena Vista Ave Sold | $1,600,000 | 0 | 0 | 3,028 | $528 | 0.7 mi |
B 1822 San Antonio Ave Sold | $1,170,000 | 0 | 0 | 2,107 | $555 | 0.7 mi |
C 2926 2928 Fernside Blvd Pending | $1,400,000 List Price | 0 | 0 | 2,864 | $489 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1935, this multi-family property is well-maintained and fully functional, but features dated interior finishes. The kitchen shows older tile countertops and cabinetry alongside a modern refrigerator, indicating a renovation that is likely over 15-20 years old. While move-in ready and clean, it requires minor cosmetic updates to modernize.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
- Versatile Multi-Unit Configuration
The rare setup of two separate duplexes on a single large 7,500 sqft lot offers exceptional flexibility for multi-generational living, owner-occupancy with rental income, or a high-demand investment portfolio.
- Prime Walkable Location
Boasting a Walk Score of 93, this 'Walker’s Paradise' is perfectly situated near South Shore shopping, local beaches, and Park Street amenities, ensuring consistently low vacancy rates and high tenant appeal.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure Requirements
Built in 1935, the property likely requires ongoing maintenance or capital improvements to aging systems such as plumbing, electrical, and seismic retrofitting to meet modern standards.
- Premium Entry Price
At a list price of $1,599,000 for 2,538 square feet, the high price-per-square-foot may result in a lower initial cap rate for investors compared to other multi-family opportunities in the region.
About 2305 San Jose Ave
Rarely on the market! A wonderful fourplex configured as two duplexes on a large lot. Great opportunity for investor, multi-family residence or owner occupant. Conveniently located on a quiet street and very close to all amenities, including restaurants, movie theater, pubs, ice cream parlors, beach, premium South Shore shopping. Walker's paradise (Walk score of 93), Bike score of 75-78. Mostly flat terrain in Alameda. Fantastic location!
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1935
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alameda Unified Schools
Henry Haight Elementary School
Grades K-5 • 0.6 mi
6/10
Donald D. Lum Elementary School
Grades 4-5 • 0.9 mi
9/10
Franklin Elementary School
Grades K-5 • 1.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,538 | 2,191 |
| Lot Size | 7,500 | 5,238.2 |
| Price | $1.60M | $1.12M |
| Price per sq ft | $630 | $516 |
| Built year | 1935 | 1918 |
| HOA | $0 | $0 |
| Days on market | 23 | 66 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,599,000
Initial Listing
Sold
May 11, 2017
$1,150,000
Public Record