615 Willow St C, Alameda, California 94501, Alameda, 94501 - 2 bed, 1 bath
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Alameda, California 94501
This property presents a Strong Value Opportunity with a List Price of $395,000—positioned well below the $371,764 Fair Market Value by -6%. While the unit carries a Condition Rating of 5, the updated windows and sliding doors provide a solid foundation for a value-add renovation. Located in the South Shore Lagoon development, this asset offers high walkability to the beach and shopping. This is a strategic acquisition ideal for Buy-and-Hold Investors or first-time buyers seeking to build equity through modernization.
Property is extensive renovation needed.
Built in 1964 (60 years old) and explicitly described as needing 'TLC' and 'vision,' indicating the unit requires a full interior rehab. While windows and sliding doors are updated, the overall age and lack of recent kitchen/bath renovations align with the poor condition criteria.
The property is ideally situated within walking distance to Alameda's beach, the South Shore Shopping Center, and various restaurants, offering high walkability and a desirable lifestyle.
Priced competitively at $395,000, this unit provides a significant opportunity for investors or first-time buyers to build equity through interior renovations and modernization.
The unit features recently updated windows and sliding glass doors, which improve energy efficiency and reduce the immediate need for costly exterior-related capital improvements.
The property is noted as needing 'TLC,' indicating deferred maintenance or outdated finishes that will require additional upfront investment and labor to reach its full potential.
The lack of in-unit laundry facilities and the reliance on a shared coin-operated laundry area may be a drawback for buyers seeking modern convenience and privacy.
Welcome to the South Shore Lagoon Condo Development. This is a 2-bedroom, 1-bath unit with approximately 839 Square feet of living space. This unit needs some TLC and with some vision, this could be the condo for you. Windows and Sliding door have been updated. The complex comes with a coin laundry facility, swimming pool area with chase lounges, a carport with some storage cabinets. Located in a great location that is within walking distance to Alameda's beach, South Shore Shopping Center, Restaurants and more. HOA dues are $588.00monthly including water and garbage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 839 | 1,462 |
| Lot Size | 138,520 | 12,092 |
| Price | $395.0K | $677.0K |
| Price per sq ft | $471 | $552 |
| Built year | 1964 | 2016 |
| HOA | $588.0 | $450 |
| Days on market | 34 | 53 |
Jun 18, 2026
$395,000
Initial Listing