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3248 Briggs Ave 3248 Briggs Avenue, Alameda, CA 94501
Property 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.
Area Description
3248 Briggs Avenue is located in Alameda’s East End, a well-established residential district on Alameda Island known for its walkable neighborhood fabric, tree-lined streets, and access to everyday retail, dining, parks, and the shoreline.
Full Address: 3248 Briggs Avenue, Alameda, CA 94501
Listing Type: FOR SALE
Status: Active
Region: W-WP
Use Type: Apartment
Property ID: 4100639
Building Sf: 6,736
Parcel Num: 069-0076-049-00
Number Units: 6
Number Buildings: 1
Year Built: 1970
Free Standing: Yes
Number Parking Spaces: 8
Average Monthly Rent - Unit A: 2800
Average Monthly Rent - Unit B:
Average Monthly Rent - Unit C:
Average Monthly Rent - Unit D:
Average Monthly Rent - Unit E:
Average Monthly Rent - Unit F:
Cash On Cash: 4%
Consider Exchange: 1
Cf Effective Gross: $165,259
Cf Year: $2,025
Scheduled Income: $165,259