Rare Alameda Apartment Complex, Centrally Located to Oakland, San Francisco and Silicon Valley

INCOME PROPERTY FOR SALE

Surfside Apartments

Multi - Units 53 Units

434 Central Ave, Alameda, CA 94501

434CENTRAL.COM

Year Built: 1964 Building Size: 34,344 SF Lot Size: 46,800 SF Tax ID: 74-1305-3 CAP 5.9% PROJECTED

OFFERED AT $16,950,000

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

RE/MAX MARKETPLACE IS PROUD TO PRESENT

RARE ALAMEDA APARTMENT COMPLEX, CENTRALLY LOCATED TO OAKLAND, SAN FRANCISCO AND SILICON VALLEY. 53-unit apartment complex centrally located in prime Alameda Location. Fantastic unit mix of 17 two-bedroom/one bath floor plans, and 36 one-bedroom/one bath floor plans.

Located just three blocks from Webster Street, containing various restaurants, stores and retail shops. Close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the bay area. This project is anticipated to create over 9,000 new jobs and is to include 1,425 new homes and over 5.5 million sq. ft. of commercial space.

Property consists of two buildings with partial views of the bay and a private pool for the resident’s enjoyment. Gated complex with coin-operated laundry room, assigned carports and ample guest parking. Property includes over a 300 sq. ft. utility room, presently used to house maintenance equipment Upon vacancy, interiors have been upgraded with laminate floors and new paint. Many units have been completely upgraded with remodeled kitchens and baths.

Great location in Alameda's West End, near South Shore Shopping, restaurants and access to Oakland and other Points of Interest in and around the Bay Area.

Perfect commute to Oakland, San Francisco and Silicon Valley.

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

PROPERTY PROFILE

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

Grounds

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

1 Bedroom Unit

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

1 Bedroom Unit

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

LOCATION

COMMUTER LOCATION

2.9 Miles to Oakland Bart Station via Webster St and Posey Tube 2.5 Miles to Jackson Square - Oakland 1.5 Miles to US Hornet .5 Miles to Pier 29 13 Miles to San Francisco 2.6 Miles to Downtown Alameda

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

LOCATION

COMMUTER LOCATION - WEST END ALAMEDA

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

LOCATION

AROUND SURSIDE

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

COUNTY ASSESSOR'S PARCEL MAP

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

FINANCIALS

INCOME AND EXPENSE PROPERTY REPORT

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

RENT ROLL

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

RENT COMPARABLES SUMMARY

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

VACANCY

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

CENTRAL AVENUE - PROJECT The Central Avenue project is expected to improve safety, have minimal motor vehicle delays and operate similar to the mid-section of Broadway, which is a truck and bus route and has bike lanes.

DAVID AND ERIKA RENDINO, INCOME PROPERTY SPECIALISTS (707) 696-3742/(707) 318-1851 | DERENDINO@GMAIL.COM

David & Erika Rendino INCOME PROPERTY SPECIALISTS DRE#01252035 | 01465104

DIRECT: 707.696.3742 ESPAÑOL: 707.318.1851 EMAIL: DRENDINO@MAC.COM

SonomaCountyIncomePropertyReport.com

Each office independently owned and operated. The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.