Key information
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Units 4
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Year Built 1900
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Average Unit Size 817
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Building Size 3,267
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Land Area (Sq Ft) 5,200
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Parking 3
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Separate Meters Gas, Electric
Pricing Metrics
CAP Rate:
7.0%
GRM:
9.4
Price per Unit:
$249,500
Price per Square Foot:
$305
Property Summary
Charming multi-unit property in Alameda’s East End with two recently renovated 2BD units delivered vacant—ideal for owner-occupants or investors. 897 Oak St includes a 3BD standalone house and a rear triplex with two move-in ready 2BD units. Three garage spaces on site, one available for buyer use. Total living area approx. 3,267 sq ft on a 5,200 sq ft lot. Located just blocks from Park Street and South Shore Center, with Trader Joe’s, Safeway, and dining options nearby. Zoned for Alameda High (GreatSchools 9/10). Excellent 94 Walk Score, and just a short commute to BART and ferry terminals. Perfect for house hackers or long-term investors seeking flexibility and location—all for under $1M.
Financial Summary
Gross Rents (Annual):
$106,224
Other Income:
$0
Expense Pass Through:
$0
Effective Gross Income:
$69,937
Vacancy Reserve:
$5,311
Operating Expenses:
$30,976
Net Operating Income:
$69,937
Market Rents (Annual):
$120,000
Rent Gap:
13%
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Operating Expenses
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Property Tax Rate:
N/A
Property Tax (Base):
N/A
Property Tax (Additional Assessments):
N/A
Business License Fee:
N/A
Rent Board Fee:
N/A
Other Program Fee:
N/A
Property Management:
N/A
Resident Manager:
N/A
- Maintenance, Repairs, and Reserves : N/A
- Turnover Costs : N/A
- Landscaping : N/A
- Pest Control : N/A
- Janitorial : N/A
- Insurance : N/A
- Gas & Electricity : N/A
- Garbage : N/A
- Water & Sewer : N/A
- Other Utilities : N/A
Disclaimer*
The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information.
Rent Roll
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