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In-PersonVirtual Tour
$ 1,555,000
Est. payment | /mo
8,751 Sqft Lot
$ 1,555,000
Est. payment | /mo
8,751 Sqft Lot
Open House
Sat Aug 22, 2:00pm - 4:00pm
Sun Aug 23, 2:00pm - 4:00pm
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision Alameda County
MLS Listing ID 41145751
HOA Y/N No
Year Built 1905
Lot Size 8,751 Sqft
Property Sub-Type Triplex
Property Description
2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.40% current cap rate and upside to a 7.07% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2022 Alameda Architectural Preservation Society Award, the property offers unobstructed lagoon views and is just a half mile from Park Street, South Shore Center, and Alameda Beach. Whether utilized as an owner-occupied income property, turn-key investment, multi-generational residence, or potential single-family conversion, 2000 Clinton Avenue offers a unique opportunity to own an income-producing waterfront asset in one of Alameda's most desirable neighborhoods.
Location
State CA
County Alameda
Interior
Heating See Remarks
Cooling See Remarks
Flooring Wood
Fireplace No
Exterior
Parking Features Other
Others
Tax ID 74123572
Listed by GianLuca Jacoli Shield CRE, Inc. #01938297
Nearby Locations
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