1523 Verdi St

Alameda, CA, 94501
For Sale $2,995,000
  • 0.17acre
Open house scheduled for Friday, September 5, 10, 12 and 17th from 11am to 12:30pm. This turn-key multifamily property (5 units plus a permitted ADU) combines strong in-place income with long-term upside. Ideally located near HWY 880, BART, bus lines, and the ferry, the property attracts steady rental demand and offers convenience for tenants and stability for investors. The front building is a classic Victorian with four well-maintained units, while the rear ADU (1525 and 1527 Verdi) provides additional income, each with its own garage. One unit, 1525 Verdi, is currently vacant—an opportunity to capture market rents immediately or utilize as an owner’s unit. Income is further supplemented by on-site coin-operated laundry. Recent capital improvements add to the property’s long-term value, including a new concrete foundation, tankless water heater, exterior paint, renovated storage area, new mailboxes, new deck and roof above 1527, plus several fully renovated interiors. With its combination of historic charm, modern upgrades, and strong tenant base, this asset offers both immediate cash flow and future appreciation potential—an ideal addition to any investment portfolio.

Get in touch

Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.

Listed by:
Jason Pugao with Keller Williams Tri-Valley
(925) 397-4200
Guy Blume with KW Advisors East Bay
(510) 775-1079
1523 Verdi St is a Residential Income property located in Alameda, California, featuring a 0.175 acre lot, MLS #41110185.

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Data last modified: 2025-09-05 21:10:02