March 08, 2017

2025 San Jose Ave, Alameda

4,640 square foot multi-unit Queen Anne Victorian built in 1889 at a cost of $4,400. Current estimates value the property at about $2.5 million possibly less depending on the condition of the interior.

Victorians that have been carved up into small rental units generally garner less per square foot than an intact single family home. In this case, the exterior looks to be in pretty poor condition so one can only imagine what may lurk behind that ragged facade.

So much potential.