Just Sold - 1117 Park Avenue, Alameda, CA
Just Sold - 5-Unit Multifamily Asset in Alameda
The LL CRE group is pleased to announce the sale of 1117 Park Avenue in Alameda, California. It features a unit mix of four (4) 2BR/1.5BA units and a single 3BR/2.5BA unit for a total of 5 units. It is conveniently located near Downtown Alameda’s Park Street retail corridor. LL CRE sold the property for $1,900,000. The listing was referred to us by Compass residential agent Geri Stern, who received a referral fee from the sale.
Highlights
- 5 Units - Large 2 and 3 Bedroom Townhome Style Units
- 4.00% CAP Rate on In-Place Rents
- 15.22 GRM
- $310/SF