431 Linda Avenue, Piedmont, CA 94611

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Pending

$2,200,000

bedrooms

bathrooms

square feet

4,609

Acreage

0.1905

Open Houses

year built

1940

Full Baths

Half Baths

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431 Linda Ave, is a pride of ownership 4-plex with a 5th unwarranted studio unit, located in the prestigious city of Piedmont. The property is ideal for owner occupiers in a market where the avg. single-family home has commanded nearly $2.9 Million since 2019. Built in 1940, this 4,609 SF structure is comprised of 4 2-bed, 1-bath units that are 808 SF on avg. & a 675 SF studio unit. The building is situated on a large 8,300 SF flag lot removed from street offering peace and tranquility for residents of the property. The building features on-site laundry, 6 off-street surface parking spaces, & 4 garages. The studio presents a unique opportunity for an ADU conversion or a chance to create a larger owner's unit by combining it with a 2-bed unit. The property has been meticulously maintained and improved including a newer roof (2015), updated electrical (2013), Installation of a French Drain (2016), and more! Current rents are approximately 24% below projected market rate & NOI can potentially be increased by 54%. Piedmont does not have a local rent control ordinance. The property provides access to some of the best retail districts in the East Bay including Grand Ave, Lakeshore Ave & Piedmont Ave. Additionally, Piedmont has one of the top public school districts in the Bay Area.

Location
Subdivision	-
County	Alameda
Elementary School	-
Middle School	-
High School	-

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Open houses

None scheduled.

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MLS number: 424055736

Listing agent: Keith Manson #DRE #01490046

Listing broker: CBRE (510) 874-1900

Last update: Friday, August 23 2024 at 9:40 p.m. EDT

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