1523 Broadway

Alameda, CA 94501

$1,650,000
Last Sold Price
7
Beds
4
Baths
3,755 Sq. Ft.
$439 / Sq. Ft.
3,755
Sq. Ft.
$439
per Sq. Ft.

Description

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...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.
  1. Listed by Jon Holmquist • DRE #01257479 • MARCUS & MILLICHAP

Property Details for 1523 Broadway

City
ALAMEDA
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage/Parking
Assigned Spaces, Spaces per Unit - 1
Park Spaces Total
4

Location

Listing Courtesy of MARCUS & MILLICHAP, Jon Holmquist, DRE #01257479

Sold By Bay Home Investments&Loans, Jun Huang, DRE #01441009

Add your commute
LISTING UPDATED: 11/01/2021 01:22 PM

Property Details for 1523 Broadway

StatusSold
MLS #40960889
Days on Compass90
Taxes$28,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1917
Lot Size0.13 AC / 5,662 SF
CountyAlameda County

Location

Listing Courtesy of MARCUS & MILLICHAP, Jon Holmquist, DRE #01257479

Sold By Bay Home Investments&Loans, Jun Huang, DRE #01441009

Add your commute

Building Information for 1523 Broadway

Stories-Residences4Year Built1917Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$11,394 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$2,390

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1523 Broadway

Features
Feature Details
  • Flooring: Laminate, Partial Carpeting, Vinyl
  • Laundry: None
Room Details
  • Additional Rooms: Basement - Partial, Basement - Separate Entry, Basement - Unfinished
Utility Details
  • Cooling: Ceiling Fan(s)
  • Heating: Other Heat
  • Water/Sewer: Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Wood Frame, Wood Shingles
  • Lot Description: Level
  • Lot Sq Ft Apx: 5662
  • Lot Size Square Feet: 5662.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3755
  • Yard Description: Back Yard, Fenced, Front Yard, Storage
  • Year Built: 1917
  • Acres: 0.13
Location Details
  • Directions to Property: 2 Blocks South of Park Street
  • FIPS Code: 06001
  • Parcel Number: 70-169-17
  • Printed Neighborhood Rpt: No
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: Partial, Separate Entry, Unfinished
  • Parking Description: Spaces - Assigned, Space Per Unit - 1, Uncovered Parking Space
  • Existing Lease Terms: Written Agreement
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Owner, Projected, Rental Agreement
Income / Expense Details
  • Annual Expense Year: 43351
  • Annual Taxes $: $28,674
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $112,594
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $112,594
  • Gross Oper Income (Act): $110,332
  • Net Operating Income: $66,961
  • Annual Insurance Expense: $3,600
  • Annual License Expense: $990
  • Annual Maintance Expense: $200
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $43,351
  • Annual Utility Expense: $5,977
  • Annual Vacancy Expense: $2,352
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: 1523 A
  • Occupied By 1: Tenant
  • Bedrooms 1: 3
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 1400
  • Rent 1: 2562
Unit 2 Details
  • Unit #/Address - 2: 1523 B
  • Occupied By 2: Owner
  • Bedrooms 2: 1
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 700
  • Rent 2: 2350
Unit 3 Details
  • Unit #/Address - 3: 1523 C
  • Occupied By 3: Tenant
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 955
  • Rent 3: 2275
Unit 4 Details
  • Unit #/Address - 4: 1523 D
  • Occupied By 4: Tenant
  • Bedrooms 4: 1
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 700
  • Rent 4: 2195
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: Extra Storage, Garden, Storage Area(s)
  • Total Deposits: 10000
Additional Information
Additional Information
  • Fireplace: No

Property History for 1523 Broadway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1523 Broadway

Taxable ValueLand$504,900Additions$1,178,100Total$1,683,000
Tax Record2023$24,449 ($2,037 / month)
Home Facts
Total Finished SqFt3,755 SqFtAbove Grade Finished SqFt3,755 SqFtStories3Lot Size5,606 SqFtStyleQuadraplexYear Built1917CountyALAMEDAAPN70-169-17

Schools near 1523 Broadway

This home is within Alameda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edison Elementary School
PublicK to 5

Lincoln Middle School
Public6 to 8

Alameda High School
Public9 to 12

Island High (Continuation) School
Public9 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.

Similar Homes

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Similar Sold Homes

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MARCUS & MILLICHAP, Jon Holmquist, DRE #01257479

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.