For SaleRisky Deal17 days on market
2029 Otis Dr APT P
2029 Otis Dr APT P, Alameda, CA 94501, Alameda, CA 94501
$629,000
Listing Price
2029 Otis Dr APT P, Alameda, CA 94501
Loc: Alameda, CA
Days Listed
17
Tax Assessed
$620k
Lot Size
3.18 acres
Type
condo
More Than Just a Property
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4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Franklin Elementary School
K-5
0.6 mi away
6
Will C. Wood Middle School
6-8
0.3 mi away
10
Alameda High School
9-12
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
coastalbohemianrattan furnitureneutral paletteopen conceptbright and airyplantation shuttersmoderntextural decorcasual luxurynatural lightindoor-outdoor flowinviting
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
6.05%
Total ROI
90.4%
Cash Flow
$-92/mo
DSCR
0.97
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-92/mo net cash flow with a 6.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.0%)
- • Strong rental demand in Alameda
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 |
|---|---|---|---|
| 2026-09-08 | Listed for sale | $629,000 | $604 |
| 2021-10-04 | Sold | $665,000 | $639 |
| 2021-08-27 | Pending sale | $575,000 | $552 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $620,000 |
| 2025 | $10,163.92 | $705,697 |
| 2024 | $9,957.14 | $691,865 |
| 2023 | $9,568.18 | $678,300 |
| 2022 | $9,348.82 | $665,000 |
| 2021 | $3,732.08 | $189,021 |
| 2020 | $3,689 | $187,084 |
| 2019 | $3,367.7 | $183,416 |
| 2018 | $2,836.94 | $179,820 |
| 2017 | $2,836.94 | $176,295 |
| 2016 | $2,820.14 | $172,839 |
| 2015 | $2,690.42 | $170,243 |
| 2014 | $2,690.42 | $166,908 |
| 2013 | $0 | $166,154 |
| 2012 | $0 | $162,897 |
| 2011 | $0 | $159,704 |
| 2010 | $0 | $158,511 |
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