2714 Alcatraz Ave
- Diverse Unit Mix – Featuring (2) one-bedroom/one-bath units, (1) two-bedroom/1.5-bath unit, and (1) three-bedroom/two-bath unit,
- Vacancy Flexibility – Three units plus a basement space will be delivered vacant, providing an excellent opportunity for owner-occupiers or investors who want to select their own tenants and set market rents.
- Tenant-Friendly Utilities – Each unit is separately metered for gas and electricity, reducing operating expenses and simplifying management.
- Convenient Amenities – Onsite coin-operated laundry, 2–3 off-street parking spaces, and a shared backyard create additional value and enhance tenant satisfaction.
- Value-Add Upside – With opportunities to convert, expand, or reconfigure, the property offers significant potential to increase rents and maximize income.
- Excellent Connectivity – Easy access to Rockridge BART, AC Transit, CA-24, and I-580 provides seamless commutes throughout the East Bay and into San Francisco.
- Prime Border Location – Ideally situated on the Elmwood/Rockridge border near College Avenue and Alcatraz, just steps from Safeway, Philz Coffee, and a wide array of shops and restaurants along College Avenue.
Property Description
This property offers a diverse and flexible unit mix, including two one-bedroom units, a two-bedroom/1.5-bath unit, and a three-bedroom/two-bath unit. With two of the units and a basement space delivered vacant, the building provides an exceptional opportunity for both investors and owner-occupiers. Investors have the ability to set market rents and hand-pick tenants, while an owner-occupant can enjoy immediate income support from the leased units. The property is designed for tenant convenience and long-term retention. Each unit is separately metered for gas and electricity, keeping operating costs low and simplifying management. Tenants also benefit from onsite amenities including a coin-operated laundry facility, 2–3 off-street parking spaces, and a shared backyard—an attractive feature that enhances livability and overall appeal. With multiple value-add options available, the property provides a range of opportunities to reconfigure, expand, or further improve income potential. Location is another key strength. Ideally situated on the border of Elmwood and Rockridge near College Avenue and Alcatraz, the property is steps from Safeway, Philz Coffee, and an array of shops, restaurants, and cafés that make the area so desirable. Residents also enjoy excellent connectivity, with easy access to Rockridge BART, AC Transit, and major freeways including CA-24 and I-580. This prime setting offers both lifestyle and convenience, making the property a highly attractive option for a wide variety of tenants and a strong investment for the future.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,850,000 |
| No. of Units: | 4 |
| Year Built: | 1915 |
| Lot Size: | 0.14 Acres |
| Opportunity Zone: | No |
| Price per unit: | $462,500 |
| Property Website | Click Here |
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