321 321 Central Ave, Alameda, California 94501, Alameda, 94501 - 2 bed, 1 bath
321 321 Central Ave
Alameda, California 94501
Property Price
SUMMARY
Analysis of 321 321 Central Ave, Alameda, California 94501 reveals a Prime Investment Opportunity with a current list price of $799,000—significantly undercutting the $896,584 Fair Market Value by 10%. This valuation gap indicates a +$97,584 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Alameda Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 321 Central Ave Subject | $799,000* List Price | 2 | 1 | 1,341 | $669 | - |
A 333 Central Pending | $899,000 List Price | 2 | 1 | 1,173 | $766 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1925 bungalow is in move-in ready condition with significant updates that balance period charm and modern functionality. The kitchen has been tastefully updated with stainless steel appliances, stone countertops, and subway tile backsplashes. The interior features well-maintained hardwood flooring, fresh paint, and updated light fixtures. While the home retains its original 1920s character and layout, the addition of a newer roof and the high level of maintenance across major systems justify a 'good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Preserved Period Character
This 1925 bungalow retains its timeless appeal with original built-ins, a classic fireplace, and a rare integrated desk, offering a level of craftsmanship and charm seldom found in modern builds.
- Modernized Infrastructure & Storage
The home features a newer roof and an updated kitchen, complemented by an exceptional seven closets—a rare and highly functional asset for a property of this vintage.
- Prime West End Connectivity
Ideally situated near the SF Bay Ferry, Webster Street shops, and waterfront paths, the location provides excellent walkability and a convenient commute to San Francisco.
CONSRISKS & DEFICIENCIES
- Single Bathroom Configuration
With only one bathroom serving two bedrooms and over 1,300 square feet of living space, the layout may present logistical challenges for multi-resident households or guests.
- Compact Lot Size
The 3,800-square-foot lot is relatively modest, which may limit future expansion potential or appeal to buyers seeking extensive private outdoor space.
About 321 321 Central Ave
Welcome to this charming 1925 bungalow in Alameda’s vibrant West End. Radiating character and timeless appeal, this thoughtfully maintained home showcases classic period details alongside meaningful updates for modern living. The light filled living room features abundant windows that bring in beautiful natural light, along with a gorgeous fireplace and a rare built in desk that adds both charm and functionality. The spacious dining room includes classic period built ins that highlight the craftsmanship and warmth that define this home. The updated kitchen opens to a sunny breakfast nook, creating the perfect place to start your day. Unusual for a home of this era, the property offers exceptional storage with seven closets throughout, providing everyday convenience rarely found in 1920s homes. This two bedroom, one bath residence also benefits from a newer roof, a detached garage, and a beautiful backyard ideal for gardening, entertaining, or simply enjoying Alameda’s temperate climate. With easy access to the Alameda Farmers Market, the SF Bay Ferry, Ballena Bay waterfront paths, and the shops and restaurants along Webster Street, the location offers the very best of West End living. A true Alameda gem.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 3,800 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Alameda Unified Schools
William G. Paden Elementary School
Grades K-5 • 0.1 mi
Ruby Bridges Elementary School
Grades K-5 • 0.7 mi
Henry Haight Elementary School
Grades K-5 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 28% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 1,341 | 1,890 | 25% |
| Lot Size | 3,800 | 4,900 | 35% |
| Price | $799.0K | $1.37M | 8% |
| Price per sq ft | $596 | $725 | 25% |
| Built year | 1925 | 1917 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 162 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$799,000
Initial Listing
Sold
Jul 28, 2010
$535,000
Public Record
Sold
Jan 22, 2004
$475,000
Public Record
Sold
Sep 29, 1998
$237,000
Public Record