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Shingle-sided exterior with a large brick chimney, a vibrant yellow front door, and a stone-clad porch

Waterfront property with a multi-level terraced backyard, featuring a stone patio and an integrated storage shed

Wood-shingle exterior with prominent chimneys, multiple windows, and a water-front location

Waterfront property featuring a paver patio, natural wood siding, and mature landscaping

White cabinetry with silver-tone hardware, granite-style countertops, and a white gas range

Exposed beam ceiling, window with exterior scenery, paneled interior door, light wood-finish flooring

Hardwood flooring, white walls, and a built-in closet with sliding mirrored doors

Wood-finish flooring with white walls

Bathroom featuring a bathtub with black tile surround, a toilet, a wall-mounted mirror, and a three-light vanity fixture

Shingle-sided exterior with a prominent brick chimney, multi-pane windows, and a raised entry with a painted staircase

Cedar shake exterior, blue-painted wood trim, brick foundation, concrete walkways, and mature landscaping

Skylight and multiple windows provide ample natural light

Bathroom featuring a clawfoot tub with shower, single vanity with wood-finish cabinetry, and a white tile backsplash

Rich wood-tone staircase featuring a white spindle railing and paneled wall

Wood-paneled staircase with a wood railing and balusters

Shingle-sided exterior with a prominent brick chimney, multi-pane windows, and a raised entry with a painted staircase

Cedar shake exterior, blue-painted wood trim, brick foundation, concrete walkways, and mature landscaping

Waterfront property featuring a wood shake exterior, multiple patio areas, and mature landscaping

Shingle-sided exterior with a prominent brick chimney, multi-level roofing, and a waterfront setting

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Description

2000 Clinton Avenue presents an opportunity to own a rare waterfront property in Alameda's coveted Bronze Coast, combining historic character, flexible living options, and compelling income potential. Situated on an 8,750-SF waterfront corner lot at the end of a quiet cul-de-sac, the property features a historic Craftsman triplex designed in 1905 by renowned architect John Leonard, plus a detached waterfront cottage directly on Alameda's iconic lagoon. The vacant 2-bedroom/2-bathroom owner's flat creates an ideal starter-home or owner-user opportunity, allowing a buyer to enjoy waterfront living while income from the two long-term studio tenants helps subsidize the mortgage. The detached waterfront cottage will also be delivered vacant and features a kitchenette, full bathroom, and skylights, presenting a unique opportunity for potential Airbnb/VRBO income, guest accommodations, a home office, or creative studio (Buyer to Verify permitted uses). The property offers strong investment fundamentals with a 6.95% current cap rate and upside to a 7.52% pro-forma cap rate through below-market studio rents. Major capital improvements include a 2021 exterior renovation, 1997 seismic retrofit, and newer 30-year roof. Listed on the City of Alameda Historic Register and recipient of the 2022 Alameda Architectural Preservation Society Award, the property offers unobstructed lagoon views and is just a half mile from Park Street, South Shore Center, and Alameda Beach. Whether utilized as an owner-occupied income property, turn-key investment, multi-generational residence, or potential single-family conversion, 2000 Clinton Avenue offers a unique opportunity to own an income-producing waterfront asset in one of Alameda's most desirable neighborhoods.

Details

Features

Interior

Exterior

Parking

Market Activity 94501

MLS#: 41145751
Listed By: GianLuca Jacoli -
Shield CRE, Inc. - 3105939869- jonathan@shieldcre.com