3315 Central Ave, Alameda, California 94501, Alameda, 94501 - 0 bed, 0 bath
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Alameda, California 94501
This Multi-Unit Residential Property represents a Prime Investment Opportunity, listed at $1,600,000—positioned well below the $1,632,804 Fair Market Value by 2%. This valuation gap provides $32,804 in Instant Equity. With a Condition Rating of 4, the property offers significant upside through modernization. Featuring a detached unit for rental income and proximity to 9/10 rated schools, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, high-demand East End Alameda lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3315 Central Ave Subject | $1,600,000* List Price | 0 | 0 | 2,137 | $764 | - |
A 2843 Central Ave Sold | $1,850,000 | 3 | 2 | 2,451 | $755 | 0.5 mi |
B 2932 Marina Dr Sold | $1,615,000 | 3 | 3 | 1,851 | $873 | 0.8 mi |
C 2811 Yosemite Ave Sold | $1,610,000 | 3 | 2 | 2,061 | $781 | 0.7 mi |
D 3273 Adams St Sold | $1,360,000 | 3 | 2 | 1,515 | $898 | 0.4 mi |
E 1718 High St Sold | $1,438,000 | 3 | 2 | 1,617 | $889 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1954 (70 years old) with no mention of recent major renovations to kitchens, bathrooms, or core systems (HVAC/Electric). While the exterior appears well-maintained and functional, the property likely features dated interiors and systems exceeding the 20-year threshold, requiring minor repairs or cosmetic updates.
Elementary School: Amelia Earhart Elementary School (9/10). Middle School: Lincoln Middle School (9/10). High School: Alameda High School (9/10).
The property features two detached homes on a single lot, providing exceptional flexibility for rental income, multi-generational living, or a dedicated home office setup.
Situated in a highly coveted neighborhood, the home is minutes from Park Street’s dining, shoreline trails, and top-tier schools with ratings as high as 9/10.
Built in 1954, the property may require updates to major systems or cosmetic modernization to meet the expectations of buyers seeking contemporary finishes.
The front residence's split-level design creates separation of space but may pose accessibility challenges for buyers preferring a single-level living experience.
3315 Central Ave is one of those properties you wait for, and in Alameda’s East End, they don’t come up often. Two homes on one lot, in a location that consistently delivers. The front home is a 2-bed, 1.5-bath split-level with great separation of space. Out back, a detached 1-bed, 1-bath creates a completely different layer of flexibility, private, functional, and ready to adapt to how you live. Whether that is workspace, guest use, or long-term income, it is already built in. Step outside and you are minutes from Park Street. Coffee in the morning, dinner without thinking twice, weekend walks along the shoreline, it is all right here. This is the East End lifestyle people compete for. Access is easy. Ferry, BART, AC Transit, Oakland International, everything that connects you to the Bay is within reach. This is not just a property, it is a setup. And in this location, with this kind of flexibility, it’s not something you’ll see twice.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 2% |
| Baths | 0.0 | 2.0 | 2% |
| Square foot | 2,137 | 1,825 | 60% |
| Lot Size | 5,630 | 4,700 | 71% |
| Price | $1.60M | $1.44M | 62% |
| Price per sq ft | $749 | $761 | 44% |
| Built year | 1954 | 1918 | 79% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 114 | 2% |
May 28, 2026
$1,600,000
Initial Listing