2051 Shoreline Drive
- 36,412 square feet of multifamily space on a single parcel
- Constructed in 1962 with lasting masonry and concrete structure
- Direct adjacency to the Alameda shoreline provides prominent exposure
- Expansive windows deliver abundant natural light to each unit
- Robust utility and mechanical infrastructure support efficient management
- Ground-level entry points simplify resident access and circulation
- Consistent unit mix offers an opportunity for rental stabilization
- Grand visual presence enhances curb appeal along Shoreline Drive
- Solid roofline and façade require minimal near-term capital
- Strategic layout supports resident privacy and operational flow
Property Description
2051 Shoreline Drive delivers 36,412 square feet of multifamily ownership in a prominent waterfront setting. The 1962-built structure exudes enduring materials, generous ceiling heights, and abundant daylight through expansive fenestration. Thoughtful circulation weaves between private residences while offering unobstructed water views that elevate each living space. A commanding presence on the shore, the property provides a cohesive blend of rental offerings plus ample storage and utility infrastructure, supporting efficient operations. Well-maintained systems and a stable footprint make this an attractive asset for investors seeking steady income with the potential for targeted enhancements.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $15,000,000 |
| No. of Units: | 45 |
| Year Built: | 1962 |
| Lot Size: | 1.00 Acres |
| Opportunity Zone: | No |
| Price per unit: | $333,333 |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1034 Woodward Ave
El Centro, CaliforniaBrokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout