For SaleRisky Deal30 days on market
2137 Otis Dr APT 101
2137 Otis Dr APT 101, Alameda, CA 94501, Alameda, CA 94501
$589,000
Estimate®:$612,200$23,200 Under Market
Listing Price
2137 Otis Dr APT 101, Alameda, CA 94501
Loc: Alameda, CA
Days Listed
30
Tax Assessed
$720k
Estimate®
$612k
4% Under Valued
Lot Size
1.68 acres
Rent Estimate
$3,358/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Love Elementary School
K-5
0.6 mi away
6
Will C. Wood Middle School
6-8
0.4 mi away
10
Alameda High School
9-12
2.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
transitionalcontemporaryopen floor planhardwood flooringneutral palettefrench doorsnatural lightingbalcony accessminimalistinvitingmodern living roomcozybrightwell-litupscale
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.75%
Total ROI
40.4%
Cash Flow
$-1,215/mo
DSCR
0.60
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,215/mo net cash flow with a 3.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Alameda, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-25 | Listed for sale | $589,000 | $496 |
| 2021-07-19 | Sold | $665,000 | $560 |
| 2021-06-23 | Pending sale | $600,000 | $505 |
| 2021-06-11 | Listed for sale | $600,000 | $505 |
| 1997-02-27 | Sold | $105,000 | $88 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $719,812 |
| 2025 | $10,249.34 | $705,697 |
| 2024 | $10,042.56 | $691,865 |
| 2023 | $9,653.6 | $678,300 |
| 2022 | $9,434.24 | $665,000 |
| 2021 | $2,762.22 | $157,980 |
| 2020 | $2,723.86 | $156,361 |
| 2019 | $2,679.28 | $153,296 |
| 2018 | $2,509.68 | $150,291 |
| 2017 | $2,509.68 | $147,344 |
| 2016 | $2,491.1 | $144,456 |
| 2015 | $2,379.56 | $142,287 |
| 2014 | $2,379.56 | $139,500 |
| 2013 | $0 | $138,870 |
| 2012 | $0 | $136,147 |
| 2011 | $0 | $133,478 |
| 2010 | $0 | $132,481 |
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