3231, 3231b and 3231c Briggs Ave, Alameda (East End off Fernside Blvd)

 

3 Residences, 2 Buildings (Total of 4,373 SqFt + Huge Full Basement),

6 car off-street parking on approx. 1/4 acre lot. INCOME: $5,000/month projected rents (now $4,250)

 

Now Asking $888,888! (Was at $1,050,000, 950,000 then 899,950!)

You can subdivide this lot and each bldg can then be sold separately! Combined value EASILY at approx $1,200,000

Marketed by Gordon Phillip Allen

 

Rear Duplex (2 Town Homes) Front House with full basement

Summary

2 Story Craftsman Home of approx 2,000 SqFt (plus 1,000 SqFt unfinished Full Basement with both interior and exterior access)

2 Story Duplex of approx 2,400 SqFt, built 1990.

That's approx. 4,373 SqFt of Living Space + the basement

 

Nearly 1/4 acre (9,147 SqFt), 6 parking spaces (2 per residence)

 

These 3 residences are currently rented on month-to-month tenancies, tenants pay all utilities (water, pg&e, garbage, cable).

 

Main House - A Craftsman Beauty!

Large Two Story 3 Bedrooms, 1.5 Bathrooms. Many built-ins like bookcases, recessed sitting benches, walk-in closets

Entire Kitchen and appliances remodeled in 1980

Large Breakfast area

Restored Original Oak Floors and Wainscoating

Large Formal Dining Room (or Family Room)

Large Living Room with Fireplace

Separate Laundry Room adjacent to Kitchen

Deck

Current below-market rent is 1,800/month; Current market rent is $2,200.

Great for owner-occupant!

 

Rear Duplex

Each of these town homes are mirror images of each other:

2 Bedrooms, 1.5 Baths, approx 1,200 SqFt each, Built 1990!

Lots of windows (douple-pane), Inside laundry room, fireplace, wall to wall carpeting, fire sprinklers, fenced yards and patios

Current below-marlet rent is 1200 + 1250/month; Current market rents are 1,400/month EACH.

 

Nearby Sales

3256 Briggs, SOLD 7-22-02 at $650,000 : Duplex on only 5,000 SqFt lot, 3 bed/2 bath each renting at $1,600/1,800 per month.

 

The vacant lot behind 3256 is for sale at $199,000: Only 5,000 SqFt

3236 Briggs sold 7-12-01 at $599,000: Two homes on 1 lot, 2 bed/2 bath and a 2 bed/1 bath rented at 1,750 and 1,590 respectively.

 

1518 High St SOLD 9-5-02 at $665,000: Only 1 house at 2,221 SqFt (Estate Sale, sold "As-Is")

 

 

Location of subject property: Cross the High Street Bridge from Freeway 880. Turn left on Briggs from High St or Turn right on Briggs from Fernside Blvd.

 

* All measurements are approximate

 

 

Copyright 2002 © Gordon Phillip ALLEN REALTORS^®. All rights reserved.

Do not duplicate or distribute in any form.