$1,500,000
●
House -
Off Market
9 Palm Beach Ln
Alameda, CA 94502
3 Beds
2 Baths,
1
Half Bath
2,370 Ft²
$8,209
Est. Monthly
$848
HOA / Fees
2.60%
Cap Rate
About This Property
LOCATION LOCATION LOCATION - Bay front and lagoon living at it's
finest! Live the Alameda dream with walking/biking trails
just steps from your back door. This is a single family
attached duet style house. Behind the security gate and past
the community pool and hot tub is a 38 year old duet style house
with 3 bedrooms, 2 bathroom and a half bath. The kitchen and
bathrooms are refreshed with modern and elegant accents. You
will love the updated kitchen with tons of counter space, a rich
wood counter top island that seats four, stainless steel appliances
and gorgeous natural light. The entry and dining room have vaulted
ceilings while the spacious living room has a viewing area, work
and rehearsal space that looks out to the patio and bay view.
Luxury vinyl plank is downstairs with new carpet upstairs and
throughout all 3 bedrooms. An upstairs whole house fan is perfect
for hot days. Plenty of upper storage in the two car garage with EV
charger. Near Amelia Earhart Elementary and Harbor Bay Club. Short
drive to Safeway, world class Corica Park golf, restaurants, cafes,
Oakland Airport and Ferry commuter service to San Francisco.
Unit Size
2,370 Ft²
Days on Market
120 days
Land Size
0.07 acres
Price per sqft
$632
Property Type
House
Property Taxes
-
HOA Dues
$848
Year Built
1986
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (bridgeMLS/CCAR/Bay East AOR #41088882)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2025 | Sold | ||
| Sold | |||
| Jun 7, 2025 | In contract | - | |
| In contract | |||
| Mar 10, 2025 | Listed by KW Advisors East Bay | $1,499,000 | |
| Listed by KW Advisors East Bay | |||
Property Highlights
Garage
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Bay Farm Island
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Listed by: Guy Blume, KW Advisors East Bay
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41088882
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 41088882
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