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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,555,000

Est. payment - /mo

8,751 Sqft Lot

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Sat Aug 29, 2:00pm - 4:00pm

Sun Aug 30, 2:00pm - 4:00pm

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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

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Listed by GianLuca Jacoli Shield CRE, Inc. #01938297

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker License ID: 01405369

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2000 Clinton AVE Alameda, CA 94501

Patricia Beattie

Open House

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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