$14,250,000
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1 Acres Lot
SOLD DATE : 06/17/2021
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81832377
Sold Date 06/17/21
HOA Y/N No
Year Built 1961
Annual Tax Amount $197,584
Lot Size 1.004 Acres
Property Description
Islander Apartments is a stunning 38-unit apartment community located at 1701 Shoreline Dr in Alameda, CA. Situated on a parcel of land totaling 1-acre, the subject property was originally constructed in 1961 and has a gross building area of approximately 31,374 square feet, offering its tenants beautifully designed two-bedroom floor plans. The subject property offers residents community amenities such as a swimming pool, on-site laundry facilities, a gated secured entrance, gated and covered parking, bike storage, barbecue/picnic area and individual storage units. The investment appeal of this asset is driven by Alamedas strong employment fundamentals and desirable location. With a world-class location in the heart of the San Francisco Bay Area, Islander Apartments presents an attractive choice for East Bay renters due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment.
Location
State CA
County Alameda
Area 699 - Not Defined
Zoning Buyer to Verify
Interior
Heating Wall Furnace
Fireplace No
Exterior
Carport Spaces 17
Roof Type Flat
Total Parking Spaces 21
Building
Water Public
Schools
School District Alameda City Unified
Others
Tax ID 074125000302
Financing Cash
Special Listing Condition Standard
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Bought with Robert Johnston • Marcus & Millichap