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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by GianLuca Jacoli, DRE #01938297 • Shield CRE, Inc.

$ 1,555,000

Est. payment | -/mo

2 Beds

5 Baths

2,381 SqFt

Save

$ 1,555,000

Est. payment | -/mo

Save

2 Beds

5 Baths

2,381 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,381 sqft

Price per Sqft $653

MLS Listing ID EB41145751

Bedrooms 2

Year Built 1905

Lot Size 8,750 Sqft

Property Sub-Type Triplex

Source Bridge MLS

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 2

Location

State CA

County Alameda

Area Alameda Map Area 2

Interior

Heating Other

Cooling Other

Flooring Other, Wood

Laundry Other

Exterior

Exterior Feature Other

Parking Features Other

Roof Type Other

Others

Tax ID 74-1235-72

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

2000 Clinton AVE Alameda, CA 94501