Bought with Arman Sadigh • Marcus & Millichap
$12,925,000
$13,250,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
31,374 SqFt
SOLD DATE : 12/05/2024
Key Details
Sold Price $12,925,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 31,374 sqft
Price per Sqft $411
MLS Listing ID ML81970963
Sold Date 12/05/24
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1961
Lot Size 1.000 Acres
Property Sub-Type Other
Property Description
Islander Apartments is a stunning 38-unit apartment community located at 1701 Shoreline Dr in Alameda, CA. Situated on a parcel of land totaling 1-acre, the subject property was originally constructed in 1961 and has a gross building area of approximately 31,374 square feet, offering its tenants beautifully designed two-bedroom floor plans. The subject property offers tenants and residents convenient community amenities including pool, on-site laundry facilities, gated secured entrance, gated covered parking, bike storage, barbeque/picnic area and individual storage units. In addition, Islander Apartments also provides tenants with 21 open space and 17 covered space parking. The subject property is conveniently located on Shoreline Dr, one of Alamedas main thoroughfares, which contains various restaurants, stores and retail shops. It is also located within close proximity to the 1,500-acre Alameda Point Development, one of the largest development projects in the Bay Area expected to create over 9,000 new jobs. The project is slated for 1,425 new homes and over 5.5 million square feet of commercial space. The total cost of the project is expected to exceed 1.5 billion dollars.
Location
State CA
County Alameda
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
Water Public
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