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29541473
29541474

3248 Briggs Ave, Alameda, CA 94501

GD
CA CA #00831160
RE/MAX Gold Commercial
Listed by RE/MAX Gold Commercial
$2,350,000
127 days on market
Updated 33 days ago

3248 Briggs Ave

Details
APN 069-0076-049
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,736
Net Rentable (SqFt) 6,736
Units 6
Cap Rate 4.3%
NOI $101,047
Occupancy 100%
Price per SqFt $349
Broker Co-Op Yes
Year Built 1970
Buildings 1
Parking Spaces 8 spaces
Parking Per SqFt 1.19
Investment Type Stabilized
Ownership Fee

Multifamily | 4.30% CAP | 6 Units

Marketing description

3248 Briggs Avenue is located in Alameda’s East End, a well-established residential district on Alameda Island known for its walkable neighborhood, tree-lined streets, and access to everyday retail, dining, parks, and the shoreline. Overall, Alameda’s combination of neighborhood stability, quality-of-life positioning, and water-transit commuting options supports consistent long-term rental demand fundamentals for well-located multifamily assets.

3248 Briggs Avenue is a 6-unit apartment property in Alameda, California, built in 1970 and fully leased. The offering is positioned as a stabilized, income-producing multifamily asset in a supply-constrained, infill East Bay submarket. The property benefits from its Alameda Island location—proximate to neighborhood-serving retail corridors and commuter options—while offering investors immediate cash flow with embedded long-term demand drivers associated with Alameda’s housing market and access to San Francisco and Oakland.

Listing Contacts

GD
CA CA #00831160
RE/MAX Gold Commercial
Listed by RE/MAX Gold Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,047.00
$8,420.58/mo

Valuation Metrics

0
DSCR
4.3%
Cap Rate
4.3%
ROI

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Additional Information

Name
Greg Diodati, CCIM
License
CA #00831160
Brokerage
RE/MAX Gold Commercial
Brokerage Phone
916-218-7490
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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