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About This Home
This 6-bedroom, 7-bathroom single family at 1523 Verdi St in Alameda, CA is listed for $2,395,000 ($436 per sqft). Built in 1890, the home offers 5,493 sqft of living space on a 0.17 acres lot.
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, 1527 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.
Key Features
- Built in 1890
- 0.17 acre lot
Property Details
Amenities
Monthly Cost Estimate
$12,809/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1523 Verdi St
Alameda, CA 94501
Property Details
Flooring
Construction
Parking
Heating
Questions & Answers
This 6-bedroom, 7-bathroom single family at 1523 Verdi St is listed at $2,395,000 ($436/sqft). The estimated monthly payment is $10,378 based on 20% down at 6.5% interest.
Key features include: Built in 1890, 0.17 acre lot.
This property is listed by Jason Pugao and can be reached at 5104726916 or jason@thejpregroup.com.