2515 Central 102, Alameda, California 94501, Alameda, 94501 - 2 bed, 2 bath
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Alameda, California 94501
This property presents a High-Potential Investment Opportunity with a List Price of $495,000—positioned well above the $418,265 Fair Market Value by 18%. While the price reflects a premium, the unit offers significant value-add potential through a full interior renovation. Featuring a Condition Rating of 5, the unit includes Rare In-Unit Laundry Hook-ups and a Large Front Balcony. Located near Top-Rated Schools like Alameda High (9/10), this asset is ideal for Value-Add Investors or Owner-Occupants seeking to build equity through strategic modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2515 Central 102 Subject | $495,000* List Price | 2 | 2 | 1,271 | $329 | - |
A 2133 Santa Clara Ave 217 Active | $549,000 List Price | 2 | 2 | 1,212 | $453 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1975 (49 years old) and appears to be in original condition. The listing explicitly states it 'needs TLC,' and visual evidence shows a highly outdated bathroom with 1970s wallpaper and carpeted flooring, indicating the unit requires a full rehab to meet modern standards.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
Situated on Alameda's Main Island, the property is within walking distance of highly-rated schools, including Edison Elementary and Alameda High, ensuring strong long-term value and desirability.
The unit features private laundry hook-ups, a highly sought-after and rare convenience for Alameda condominiums that significantly enhances daily livability.
The property requires cosmetic and potentially functional updates, which will necessitate an additional immediate investment of time and capital from the buyer.
Built in 1975, the building may lack modern energy-efficient features and could face higher long-term maintenance requirements compared to newer residential developments.
Wonderful, small condo complex originally built as condos - not a conversion! Excellent location on Alameda's Main Island! Unit has a front balcony area that is large and sunny -- faces Central Ave. Unit needs TLC - but that gives you a wonderful opportunity to make it exactly as you want it! Under building parking. Laundry hook-ups in the unit - a hard to find luxury in Alameda condos!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.3 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 | 1,271 | 1,120 | 74% |
| Lot Size | 15,748 | 26,338 | 41% |
| Price | $495.0K | $639.8K | 35% |
| Price per sq ft | $389 | $561 | 3% |
| Built year | 1975 | 1973 | 62% |
| HOA | $500.0 | $614 | 35% |
| Days on market | 17 | 132 | 3% |
May 20, 2026
$495,000
Initial Listing