Jill Friedrich Presents

Prime Multi-Family Investment

$1,450,000

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1506 Paru Street Units A-D

Welcome to 1506 Paru Street, a fabulous 4-plex income property in Central Alameda. This prime multi-family investment is the perfect property to add to your real estate portfolio. Built in 1943 with four spacious 1-bedroom, 1-bathroom units, this multi unit building has gas shut offs and is sewer compliant. Each unit comes with garage parking and additional storage and is separately metered for both gas and electric. All units are bright and inviting with plenty of closet space and hardwood floors or carpet with hardwood underneath). The bathrooms have bathtub/shower combos, and pedestal sinks, and 3 of the 4 units have in unit laundry. Centrally located, 1506 Paru Street is just blocks from Bay Station home to the Forbidden Island Tiki Lounge and Island Savoy Market and is close to parks, coffee and public transportation. Whether you're looking for a place to call home, additional income, or both, 1506 Paru Street is a solid investment.



Unit A	725 Sq. ft.	1 Bedroom 1 Bath	Rent $2,200
Unit B	725 Sq. ft.	1 Bedroom 1 Bath	Rent $2,150
Unit C	725 Sq. ft.	1 Bedroom 1 Bath	Rent $2,000
Unit D	725 Sq. ft.	1 Bedroom 1 Bath	Rent $1,460

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Neighborhood

Alameda, originally a peninsula south of Oakland, is now a charming East Bay island with a unique, laid-back vibe. The real estate market offers diverse options, from cozy apartments to luxury mansions, all amidst a rich architectural heritage, including over 1,500 ornate Victorians. With a population of 80,000, Alameda boasts a low density, giving it a small town feel. Park Street is the hub for shopping, dining, and landmarks like the Alameda Museum, which showcases the island’s history. Civic pride is evident in restored buildings like the art deco Alameda Theater. Outdoor enthusiasts enjoy activities at Robert W. Crown Memorial State Beach, while the community spirit shines through in events like the 4th of July Parade, the Spring Festival, and the Classic Car Show. Alameda is a fun and vibrant island and a great place to live.