1820 3rd St, Alameda, CA 94501

• 3,091 sqft

Property 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 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!

Listing Status:

Active

Date Added:

November 21, 2025 at 06:00AM

Listing Office:

Cerda-Zein Real Estate : 510-523-5673

Listing Agent:

Jose Cerda-Zein : 510-523-5673

MLS ID:

41117968

Interior

• General: Other
• Appliances: RefrigeratorDryerWasher
• Laundry: In Basement
• Basement: Separate EntryUnfinished
• Flooring: CarpetOtherVinyl
• A/C: None
• Heating: Wall Furnace
• Eco/Green Feature: None

Exterior

• Parking: Off Site

Construction

• General: Wood Siding

Location

• Originating MLS: Paragon
• County: Alameda

Lot

• Zoning: 7445812
• View: DowntownHills

Financial

• Source: Paragon

This listing courtesy of Jose Cerda-Zein, Cerda-Zein Real Estate