2000 Clinton AveAlameda, CA 94501
ALAMEDA COUNTY · Alameda County
Description
2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.40% current cap rate and upside to a 7.07% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2022 Alameda Architectural Preservation Society Award, the property offers unobstructed lagoon views and is just a half mile from Park Street, South Shore Center, and Alameda Beach. Whether utilized as an owner-occupied income property, turn-key investment, multi-generational residence, or potential single-family conversion, 2000 Clinton Avenue offers a unique opportunity to own an income-producing waterfront asset in one of Alameda's most desirable neighborhoods.
Property Information
- Property type
- Residential Income
- Sub-type
- Triplex
- Year built
- 1905
- Living area
- 2,381 Sq Ft
- Lot size
- 0.20 acres
- Days on market
- 40
- MLS® Listing#
- 41145751
Property Features
- Cooling
- Other
- Heating
- Other
- Flooring
- Wood · Other
- Basement
- Other
- Parking
- Other
- Lot features
- Waterfront
- Construction
- Other
- Sewer
- Other
- Water source
- Other
Financial Details
- HOA
- None
- Parcel number
- 74123572
Open Houses
- 2:00–4:00 PMAdd to calendar
Listing Courtesy: Shield CRE, Inc. - 3105939869
Presented by: GianLuca Jacoli
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