Highly Desirable Gold Coast Neighborhood

Highly Desirable Gold Coast Neighborhood
1203 Benton St, Alameda Ca. 94501

Offered price $ 2,200,000

Bldg sq ft 6568

Price per sq ft $ 334.96

8 Units

Currently 3 commercial storefronts and 5 residential units.

GRM 16.00

Current Gross income $ 129.960

Current Cap rate 4.78 %

Market GRM 14.00

Market Gross income $ 163,080

Market Cap Rate 5.65 %
Vincent T. San Nicolas
Broker
CaBRE 01230063
1902 Broadway
Alameda Ca 94501
Direct 510 910 5204
Vincenttore@gmail.com
Vincent San Nicolas,
Broker
CaBRE 01230063
Stable Rents, Premium Location.
Address
Current Rent
Market Rent
Encinal
Encinal
Encinal
Encinal
Encinal
Encinal
Benton
Benton
$2,500.00
$1,500.00
$800.00
$1,800.00
$500.00
$990.00
$1,250.00
$1,490.00
$3,500.00
$1,500.00
$1,400.00
$1,800.00
$1,200.00
$1,200.00
$1,500.00
$1,490.00
Gross rent
$10,830.00
$13,590.00
Expenses
Current Exp
Market
Insurance
Rubbish/Trash
Wtr/Sewer
PG & E Gas
AP Electrical
Bus License
Current Taxes
$4,896.00
$1,456.00
$1,456.00
$744.00
$1,800.00
$186.00
$14,216.00
$4,400.00
$1,456.00
$1,456.00
$744.00
$1,800.00
$186.00
$28,756.00
Annual Expenses
$24,754.00
$38,798.00
Gross Rents
Gross Expenses
Net Operating
$129,960.00
$24,754.00
$105,206.00
$163,080.00
$38,798.00
$118,282.00
Cap Rate
4.78%
5.65%
1403
1405
1407
1411
1411
1413
1201
1203
Ave
Ave
Ave
Ave A
Ave B
Ave
St
St
Status
Owner
3/31/2020
Monthly
Monthly
Monthly
12/10/2016
10/31/2015
10/31/2015
Type
Commercial
Commercial
Commercial
Residential
Res/Comm
Residential
Residential
Residential
Property Location
Located in Central Alameda in the
Historic neighbor hood called the
Gold Coast. This two block long
Mixed use neighborhood enjoys
stable rents, close proximity to
public transportation and schools.
Information
2.9 miles to nearest Bart Station
2.9 Miles to fain ferry terminal
According to Money Magazine, the City of Alameda
Bus transit in front to SF
compares favorably to the "best places to live" in
Low vacancy rates
America. That's in part due to the small town feel of
this Bay Area island community. It also has a high
Strong rental growth
Excellent street exposure
Great local business mix
median family income, a large number of educational institutions nearby, more than double the
number of restaurants and libraries as the "best
places average," excellent air quality, and better than
average weather.
Vincent T. San Nicolas CaBre 01230063 * Residential and Commercial Sales
Disclaimer
The material have been prepared to provide
an unverified summary financial, physical
and market information to prospective buyers to enable them t establish a preliminary
level of interest in potential purchase of the
property.
Materials are not to be considered fact. The
information contained in the materials is
not a substitute for investigation of the
physical, financial and market condition
relating to the purchase of the property.
Vincent San Nicolas, Broker
CaBRE 01230063
1902 Broadway
Alameda California
510.910.5204ph
510 522.3301 fax
Vincenttore@gmail.com