1173 Park Ave, Alameda, CA 94501

This Colonial Revival Fourplex is located in the highly desirable and sought after residential East End of Downtown Alameda, directly across from Chochenyo Park. It features period details and six off–street parking spaces. It offers the potential for an additional ADU. Gas and electricity are metered separately, and tenants pay for hot water. With a 93 walk score, it is close to shops, restaurants, movies, the Park St commercial district, South Shore Center, Alameda Beach, and Shoreline Drive walking and biking trails. The current income provides a 2.8% cap rate, while the projected rent income yields a 3.8% cap rate.