SOLD 05/10/2023
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Commercial sold for $1,388,000 in 87 days
1616 Central Ave Alameda, CA, 94501
Off the market 5 or More Units
Large contemporary approx 3,692 sf 5-plex located on a 6,440 sf lot with a 45' street frontage on Central Avenue. Features a 2-bed, 1-bath single-level unit at street level that is equipped with a fireplace, and four (4) 1-bed, 1-bath units. Units A & D remodeled approx 2 to 5 years ago. All units have the original stick hardwood floors. 1616 Central Avenue was retrofitted, per City Ordinance 2989, to correct the building's soft-story situation. Additionally, there is a good-sized backyard and two (2) double-car garages with a total of six (6) storage lockers for tenants' personal belongings. Sep G & E meters. Owner pays for water, sewer, and garbage. The property is also served by a house electric meter and house gas meter that serves the common water heater in the utility room and the leased coin-operated washer and dryer in the laundry room.
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Property details
3,692 sqft interior area
Land area
6,440 sqft (0.15 acres)
Address
1616 Central Ave, Alameda, CA, 94501
City of California
Alameda
County
Alameda
Previous price
$1,495,000
Year Built
1958
Parking Spaces
4
District
Alameda Map Area 3
Nearby major retailers
Public Storage
CVS Pharmacy
Safeway
Trader Joe's
Safeland Super Market
Kohl's
Whole Foods Market
Pet Food Express
Petco
TJ Maxx
The Home Depot
Apple Store
Ross
AT&T
T-Mobile
7-Eleven
O'Reilly Auto Parts
MetroPCS
See's Candies
AutoZone
Chevron
Dollar Tree
GameStop
Verizon Wireless
Pet food express
Nordstrom
7-eleven
Supercuts
Chevron Food Mart
GNC
Storage rental: 2
Chemist: 1
Supermarket: 8
Greengrocer: 3
Department store: 6
Pet: 5
Do it yourself: 2
Electronics: 1
Mobile phone: 14
Convenience: 12
Car parts: 7
Confectionery: 1
Variety store: 1
Video games: 2
Hairdresser: 1
Nutrition supplements: 1
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Interior Features
4 parking places, Hardwood, Laminate, Tile, Other floors
Floor Covering
Hardwood, Laminate, Tile, Other
Garage & Parking
Attached, Carports - 2 Or More, Enclosed, Garage, Assigned, Garage Faces Front
Utilities Included
Individual Electric Meter, Individual Gas Meter
Basement
None
Listed by
Ramesh Ramchandani, Panavista, Inc
Name
Ramesh Ramchandani
License number
00870283
Brokerage company
Panavista, Inc
MLS #
41019172
Buyer agent
Name
Sisley Wong
Brokerage company
Grobecker Holland Int'l
Payment calculator
Calculate your monthly payments
Mortgage
$4,262
Taxes
$0
HOA dues
$0
Mortgage
$277,600 / 20%
2.28%
30 years
Your amount
$4,262 / month
Exterior Features
Stucco, Other construction and more
Construction
Stucco, Other
Lot details
TMK #7231632
Lot Description
Level, Regular, Back Yard
Parcel nr.
7231632
94501 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
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no data
People living in 94501
44%
Families with children
National average: 39%
45%
Non family households
271,833
Population
$105,043
Average Income
Age & gender
Median age 38 years
More info
Commute types
58% commute by car
More info
Education level
29% have bachelor education
More info
Number of employees
3% work in management
More info
Vehicles available
45% have 1 vehicle
More info
Vehicles by gender
45% have 1 vehicle
More info
Housing market insights for
$969.15k
Neighborhood average
sales price*
sales price*
$868.59k
Neighborhood median
sales price*
sales price*
383
Number
of sales*
of sales*
Housing type
32% are single detacheds
More info
Rooms
38% of the houses have 4 or 5 rooms
More info
Bedrooms
54% have 2 or 3 bedrooms
More info
Owners vs Renters
63% are renters
More info
16.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold May 10, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 10, 2023 | Sold | $1,388,000 | 0 | Public Record |
| May 10, 2023 | Price Decrease | $1,388,000 -4.28% | 0 | MLS #41019172 |
| Apr 17, 2023 | Under contract | $1,450,000 | 0 | MLS #41019172 |
| Apr 11, 2023 | Price Decrease | $1,450,000 -3.01% | 0 | MLS #41019172 |
| Mar 13, 2023 | Price Decrease | $1,495,000 -6.27% | 0 | MLS #41019172 |
| Feb 13, 2023 | New Listing | $1,595,000 | 0 | MLS #41019172 |
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Frequently Asked Questions about 1616 Central Ave
What is 1616 Central Ave?
1616 Central Ave is a Commercial/Industrial propertywith 3,692 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1616 Central Ave, Alameda, CA, 94501.
What comparable properties are nearby?
Comparable nearby commercial properties include 1815 San Antonio Ave, 2151 Lincoln Ave, 1429 High St, 2928 Chapman St, 825 8th Ave, 1429 14th Ave.
Based on information from the bridgeMLS as of 05-05-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 11, 2023
Verhouse Last checked 2 minutes ago
The closest grocery stores are Trader Joe's, 0.96 miles away and Safeway, 0.99 miles away.
The 94501 zip area has a population of 271,833, and 44% of the families have children. The median age is 38.61 years and 58% commute by car. The most popular housing type is "single detached" and 63% is renter.
