REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,995,000
Est. payment /mo
Open Fri 11AM-12:30PM
1523 Verdi St Alameda, CA 94501
7,609 Sqft Lot
Open House
Fri Sep 05, 11:00am - 12:30pm
Wed Sep 10, 11:00am - 12:30pm
Fri Sep 12, 11:00am - 12:30pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Alameda
MLS Listing ID 41110185
HOA Y/N No
Year Built 1890
Lot Size 7,609 Sqft
Property Description
Open house scheduled for Friday, September 5, 10 and 12th from 11am to 12:30pm. This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1525 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner's unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property's long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.
Location
State CA
County Alameda
Interior
Heating Forced Air
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Roof Type Shingle
Building
Lot Description Street Level
Others
Tax ID 7338912
Listed by Jason Pugao Keller Williams Tri-Valley