1520 Willow St, Alameda, California 94501, Alameda, - bed, bath
ACTIVE$1,890,000
1520 Willow St, Alameda, California 94501
0Bed
0Bath
Sqft
8,625Lot
Year Built
1895
Close
-
List price
$1.89M
Original List price
$1.89M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41106203
Home ConditionPoor
Features
Deck
View-
About this home
Front building is a triplex Victorian Style consists of 1520A, an approx. 1300 sf, 3 bedrooms, 2 baths, $3800 proforma 1520B, an approx. 800 sf, 2 bedrooms, 1 bath, $2324 1520C, an approx. 800 sf, 2 bedrooms, 1 bath, $2600 proforma Rear building is a duplex Contemporary consists of 1518A, an approx. 1000 sf, 2 bedrooms, 1 bath, $2753 1518B, an approx. 1000 sf, 2 bedrooms, 1 bath, $2885 Total gross income proforma $172,344. Total gross expenses 35% proforma $60,320. Total Net Operating Income $112,000. at 6% CAP rate return LARGE LOT FOR PLENTY OF PARKING SPACES.
Nearby schools
6/10
Henry Haight Elementary School
Public,•K-5•0.1mi
8/10
Franklin Elementary School
Public,•K-5•0.7mi
9/10
Donald D. Lum Elementary School
Public,•4-5•0.9mi
5/10
William G. Paden Elementary School
Public,•K-5•2.0mi
5/10
Will C. Wood Middle School
Public,•6-8•0.8mi
9/10
Alameda High School
Public,•9-12•0.3mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.2mi
Price History
Date
Event
Price
07/26/25
Listing
$1,890,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (119 Listings) | |
|---|---|---|---|
| Beds | 0 | 3 | |
| Baths | 0 | 2 | |
| Square foot | 0 | 1,701 | |
| Lot Size | 8,625 | 4,370 | 95% |
| Price | $1.89M | $1.35M | 88% |
| Price per square foot | $0 | $800.5 | |
| Built year | 1895 | 9620962 | 8% |
| HOA | |||
| Days on market | 102 | 145 | 33% |
Condition Rating
Poor
The property was built in 1895, making it 129 years old. While the exterior appears maintained, there is no information provided in the MLS description or images to suggest any major renovations have occurred in the last 50 years. Without interior photos, it's impossible to assess the condition of kitchens, bathrooms, appliances, flooring, or critical systems like electrical, plumbing, and HVAC. Given its age and the lack of renovation details, it is highly probable that the property requires substantial repairs and rehabilitation to bring major components up to modern standards for safety, functionality, and comfort. It does not appear to be a 'tear-down' based on the exterior, but it certainly requires significant investment.
Pros & Cons
Pros
Strong Income-Generating Asset: Five distinct rental units (triplex + duplex) with a robust proforma gross income of $172,344 and a 6% CAP rate, offering significant cash flow potential.
Desirable Multi-Unit Configuration: The combination of a historic Victorian triplex and a contemporary duplex provides diverse rental options and broad tenant appeal.
Ample Parking on Large Lot: An 8,625 sq ft lot offers abundant off-street parking, a premium amenity for multi-unit properties in an urban setting like Alameda.
Prime Alameda Location: Situated in a highly desirable Bay Area city, known for its quality of life, strong rental demand, and convenient access to regional amenities.
Transparent Financial Projections: Detailed proforma income, expenses, and Net Operating Income (NOI) are provided, simplifying financial due diligence for potential investors.
Cons
Age-Related Maintenance Concerns: The 1895 build year of the Victorian triplex suggests potential for significant capital expenditures on systems (plumbing, electrical) and structural components.
Complex Property Management: Managing five separate units across two distinct buildings (Victorian and Contemporary) can be demanding, requiring substantial time or professional management fees.
Data Inconsistency (Property Type): The listing's 'sub_type' as 'Single Family Residence' contradicts the detailed description of a five-unit property, which could cause confusion or require clarification for financing/zoning.