1820 3rd St

$1,600,000
Price
Beds
Baths
3,091 Sq. Ft.
$518 / Sq. Ft.
3,091
Sq. Ft.
$518
per Sq. Ft.

Description

7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive...7.48% Cap Rate in Alameda’s West End – A Rare Investment Opportunity! Unlock the potential of 1816-18-20 3rd Street & 306-08 Spruce—a rare five-unit property spanning two buildings on one lot in Alameda's highly desirable West End. Projected gross income: $161,431.68. With a cap rate of 7.48% and a GRM of 9.91, this property offers a compelling investment opportunity with strong returns. This well-located investment features five 2-bedroom, 1-bathroom units, offering steady rental demand and attractive returns. Location, Convenience, Lifestyle—the cornerstones of this exceptional investment. Just minutes away from Crown Memorial State Beach, renowned for windsurfing, stand-up paddling, and relaxing beach days. Explore nearby Webster Street's vibrant restaurants and lounges, Alameda Point's Spirit Alley with wineries and breweries, and the popular South Shore Center for shopping and more—all within close proximity. Prime Accessibility: The property is well-connected with public transportation options, including the SF Bay Ferry, multiple bus lines, and easy access to 880 freeways, making it ideal for commuters and tenants who want convenience. Don't miss out on this rare opportunity. Act now to secure a valuable piece of Alameda real estate!
  1. Listed by Jose Cerda-Zein • DRE #01403669 • Cerda-Zein Real Estate

Property Details for 1820 3rd Street

City
ALAMEDA
Dist Neighborhood Subdiv
WEST END
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Off-Site Parking
View
Downtown, Hills
Total # Parking Spaces
6
LISTING UPDATED: 12/05/2025 09:37 AM

Property Details for 1820 3rd Street

StatusActive
MLS #41117968
Days on Compass39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units
Year Built1895
Lot Size0.20 AC / 8,813 SF
CountyAlameda County

Location

Listing Courtesy of Cerda-Zein Real Estate, Jose Cerda-Zein, DRE #01403669
Add your commute

Building Information for 1820 3rd Street

Stories-Residences5Year Built1895Building Size-Lot Size0.20 AC / 8,813 SF

Payment Calculator

$9,281 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,906

Property Taxes

$1,375

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1820 3rd Street

Features
Feature Details
  • Flooring: Vinyl, Carpet, Other
  • Laundry: In Basement
Room Details
  • Additional Rooms: Basement - Unfinished
Utility Details
  • Cooling: None
  • Heating: Wall Furnace
  • Water/Sewer: PublicSewer, Public
  • Energy Saving Feature: None
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
Property Details
  • Additional Equipment: Carbon Mon Detector, Dryer, Smoke Detector(s), Washer
  • City Transfer Tax: Yes
  • Exterior: Wood Siding
  • Lot Description: 2 Houses / 1 Lot, Corner Lot, Premium Lot
  • Lot Sq Ft Apx: 8813
  • Lot Size Square Feet: 8813.0
  • Roof: Unknown
  • Sq Ft Apx: 3091
  • Year Built: 1895
Location Details
  • Directions to Property: Ralph Appezzato PKWY to 3rd St
  • FIPS Code: 06001
  • Census Tract: Alameda
  • Parcel Number: 74-458-12
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • All Units Have: Refrigerator, Other
  • Units Total: 5
  • Basement: Separate Entry, Unfinished
  • Tenant Pays: Electric, Gas, Water
  • Financial Data Source: Projected
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 1816 3rd
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Dining Room: No
  • Unit # 1 Air Cond: No
  • Unit # 1 Fireplace: No
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 608
  • Unit # 1 Rent: $2,637
Unit 2
  • Unit 2 # Units This Type?: 1818 3rd
  • Unit # 2 Occupied By: Vacant
  • Unit # 2 Dining Room: No
  • Unit # 2 Air Cond: No
  • Unit # 2 Fireplace: No
  • Unit # 2 Refrigerator: Yes
  • Unit # 2 Range Oven: Yes
  • Unit # 2 # of Bedrooms: 2
  • Unit # 2 # of Bathrooms: 1
  • Unit # 2 Parking Spaces: 1
  • Unit # 2 Approx SqFt: 623
  • Unit # 2 Rent: $3,000 pro
Unit 3
  • Unit 3 # Units This Type?: 1820 3rd
  • Unit # 3 Occupied By: Tenant
  • Unit # 3 Dining Room: No
  • Unit # 3 Air Cond: No
  • Unit # 3 Fireplace: No
  • Unit # 3 Refrigerator: Yes
  • Unit # 3 Range Oven: Yes
  • Unit # 3 # of Bedrooms: 2
  • Unit # 3 # of Bathrooms: 1
  • Unit # 3 Parking Spaces: 1
  • Unit # 3 Approx SqFt: 692
  • Unit # 3 Rent: $2,965.64
Unit 4
  • Unit 4 # Units This Type?: 306 Spruce
  • Unit # 4 Occupied By: Tenant
  • Unit # 4 Dining Room: No
  • Unit # 4 Air Cond: No
  • Unit # 4 Fireplace: No
  • Unit # 4 Refrigerator: Yes
  • Unit # 4 Range Oven: Yes
  • Unit # 4 # of Bedrooms: 2
  • Unit # 4 # of Bathrooms: 1
  • Unit # 4 Parking Spaces: 1
  • Unit # 4 Approx SqFt: 584
  • Unit # 4 Rent: $2,350.00
Unit 5
  • Unit 5 # Units This Type?: 308 Spruce
  • Unit # 5 Occupied By: Vacant
  • Unit # 5 Dining Room: No
  • Unit # 5 Air Cond: No
  • Unit # 5 Fireplace: No
  • Unit # 5 Refrigerator: Yes
  • Unit # 5 Range Oven: Yes
  • Unit # 5 # of Bedrooms: 2
  • Unit # 5 # of Bathrooms: 1
  • Unit # 5 Parking Spaces: 1
  • Unit # 5 Approx SqFt: 584
  • Unit # 5 Rent: $2,500 pro
Building Details
  • Additional Features-Misc: None
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking
  • Units - Other: Detached Cottage(s)
Other Financial Information
  • Existing Loan: Other
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1820 3rd Street

DateEvent & SourcePriceAppreciation
Nov 21, 2025

Listed (Active)

EBRD #41117968

$1,600,000
Nov 21, 2025

Listed (Active)

CRMLS #41117968

$1,600,000
Nov 21, 2025

Listed (Active)

MLSListings #BE41117968

$1,600,000
Jun 1, 2025

Expired

EBRD #41084533

Jun 1, 2025

Expired

MLSListings #BE41084533

$1,600,000
May 31, 2025

Expired

CRMLS #41084533

Feb 3, 2025

Listed (Active)

CRMLS #41084533

$1,600,000
Feb 3, 2025

Listed (Active)

MLSListings #BE41084533

$1,600,000
Feb 3, 2025

Listed (Active)

EBRD #41084533

$1,600,000
Jan 1, 2025

Expired

EBRD #41076281

Jan 1, 2025

Expired

MLSListings #BE41076281

Dec 31, 2024

Expired

CRMLS #41076281

Oct 12, 2024

Listed (Active)

MLSListings #BE41076281

$1,600,000
Oct 12, 2024

Listed (Active)

EBRD #41076281

$1,600,000
Oct 12, 2024

Listed (Active)

CRMLS #41076281

$1,600,000
DateEvent & SourcePrice
11/21/2025

Listed (Active)

EBRD #41117968

$1,600,000
11/21/2025

Listed (Active)

CRMLS #41117968

$1,600,000
11/21/2025

Listed (Active)

MLSListings #BE41117968

$1,600,000
06/01/2025

Expired

EBRD #41084533

06/01/2025

Expired

MLSListings #BE41084533

$1,600,000
05/31/2025

Expired

CRMLS #41084533

02/03/2025

Listed (Active)

CRMLS #41084533

$1,600,000
02/03/2025

Listed (Active)

MLSListings #BE41084533

$1,600,000
02/03/2025

Listed (Active)

EBRD #41084533

$1,600,000
01/01/2025

Expired

EBRD #41076281

01/01/2025

Expired

MLSListings #BE41076281

12/31/2024

Expired

CRMLS #41076281

10/12/2024

Listed (Active)

MLSListings #BE41076281

$1,600,000
10/12/2024

Listed (Active)

EBRD #41076281

$1,600,000
10/12/2024

Listed (Active)

CRMLS #41076281

$1,600,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1820 3rd Street

Taxable ValueLand$530,197Additions$412,731Total$942,928
Tax Record2025$16,501 ($1,375 / month)
Home Facts
Total Finished SqFt3,311 SqFtAbove Grade Finished SqFt3,311 SqFtStories1Lot Size8,813 SqFtStyleMulti-Family Res (5+ Units)Year Built1895Year Renovated1950CountyALAMEDAAPN74-458-12

Schools near 1820 3rd Street

This home is within Alameda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 6 to 12
Charter - K to 12
Rating
School
Distance
Ruby Bridges Elementary School
PublicK to 5

Encinal Jr. Sr. High School
Public6 to 12

Alameda Community Learning Center
Charter6 to 12

Nea Community Learning Center
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1820 3rd Street is a multi-family home for sale in Alameda, CA 94501. This property was listed for sale on November 21, 2025 by Cerda-Zein Real Estate, it's currently listed at $1,600,000. This listing's school district is Alameda Unified School District. Nearby schools include Ruby Bridges Elementary School, Encinal Jr. Sr. High School and Alameda Community Learning Center. 1820 3rd Street is a 0-bed, 0-bath, 3,091 sqft multi-family home built in 1895.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cerda-Zein Real Estate, Jose Cerda-Zein, DRE #01403669

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.