2 months on rocket

954 Park St, Alameda, CA, 94501

$2,324,800

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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954 Park St, Alameda$2,324,800

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1910
HeatingOther
CoolingNone
MLS #41071227
Lot Size0.17 Acres
StatusActive

About 954 Park St

Incredible SixPlex investment property with potential to build two Accessory Dwelling Units (ADUs). The current units are of varying sizes, but are all one bedroom and one bath. Hardwood floors, high ceilings, recently upgraded electrical, and charming detail in each unit. By adding two potential ADUs, in the backyard, at approximately 800 sf each with projected rents of $76,800/year the NOI goes to $143,000 and the CAP rate goes to 6.13%. The potential development, the the size of the ADUs, potential rents, NOI and CAP rate are not guaranteed by the seller nor the seller's broker. All buyers must complete their own investigation with the City of Alameda and come to their own conclusions. In the rear of the property there is a large yard and parking area that is shared by the tenants. In addition to the main driveway there is a north side walkway that runs the length of the property. The landlord pays for water and garbage for each unit. The Tenant pays electric and gas. The backyard/parking area is approximately 50' x 54'.

Property Details

Property Features

Property Information:

  • Year Built: 1910

Listing Office:

  • Office Name: BHHS Drysdale Properties
  • Office Phone: (510) 523-1144
  • Listing Agent: Rich Krinks

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: None

Other

Directions Information:

  • Directions: Otis then north on Park Street Cross Street: Otis.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,324,800

Tax Information:

  • Annual Amount: $10,078
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Alameda, CA.

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Alameda, CA

City

Med. Sold Price

$1.1M

Med. Price/SqFt

$713

Avg. Days On Market

28

# of Sold Homes

41

954 Park St vs Alameda

80 DAYS ON ROCKET

+52 Days

$2,324,800

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Alameda, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41071227

Listing Office:

  • Office Name: BHHS Drysdale Properties
  • Office Phone: (510) 523-1144
  • Listing Agent: Rich Krinks

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 2:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$10,078$395,243
2020$10,078$391,192
2019$8,568$383,524
2018$13,223$376,006
2017$13,223$806,094

History based on county public records data.

Payment Calculator

$11.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,036

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-503306
7
/10

  • Otis Elementary School

  • 3010 Fillmore St

  • 0.55 miles

  • Public District Grades KG-5

school-card-donut-503307
5
/10

  • Love Elementary School

  • 2025 Santa Clara Ave

  • 0.78 miles

  • Public District Grades KG-5

school-card-donut-503308
8
/10

  • Edison Elementary School

  • 2700 Buena Vista Ave

  • 0.80 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,886. Residents of Alameda, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 954 Park St

What is the listing price of this property?

The listing price of 954 Park St property is $2,324,800.

What type of property is this?

The property 954 Park St is a house located in Alameda, California, 94501.

Is this property for sale now?

Active Listing: 954 Park St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $10,078 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 954 Park St is 1910.

Rocket Homes›California›Alameda County›Alameda›94501›954 Park St

This home is located at 954 Park St in Alameda, CA and zip code 94501. This home, which was built in 1910, sits on a 0.17 acre lot. It has been listed on Rocket Homes since August 28, 2024 and is currently priced at $2,324,800.

In October 2024, from all listings sold in Alameda, CA there were more than 32 sold above asking price, over 5 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Alameda, CA increased by 2.3% between September 2024 and October 2024. In October 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $1,162,350.

From Rocket Homes Real Estate and based on county public records data.

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