1523 Broadway Alameda, CA 94501

The subject property consists of one three story building constructed circa 1917 (per public records) of wood frame with a pitched composite roof. Tenants each have a dedicated assigned off-street parking space, and there is ample basement storage (currently used by owner). Unit B (top floor) one-bedroom one-bath with washer dryer, C (bottom floor) two-bedroom one-bath, and D (top floor) one-bedroom one bath, were all recently renovated and are in great condition. The large three-bedroom/one-bath unit A (middle floor) three-bedroom one-bath with washer dryer hookups is occupied by a long-term tenant with below market rents, which presents significant upside for a new buyer or owner user upon acquisition and turnover. The well-located building features attractive landscaping to the front of the property, open tenant parking on concrete slab to the rear, and is separately metered for PG&E which ensures minimal expense for the owner.