Welcome back--1904 Clinton Avenue, Alameda, CA
Look who's back! Lagoon-access Victorian triplex 1904 Clinton has been relisted at a lower price ($899,000 down from $949,000, or $351 / sqft; MLS(r) #40431282) with a new agent, our good buddy Jose Cerda-Zein. Please refer to the original post for specs.
One factor that might be contributing to this property not selling is the fact it's been chopped up into three small units--neither of its two buyer pools can possibly be interested. Investment property buyers don't really want a luxury home in a prime location with three small units in it, because it doesn't make sense to pay a large location and architectural premium for three little apartments. And well-heeled Victorian aficionados interested in a lagoon property don't want a triplex; they want a large single-family home that's ready to move in as is.
So much for my prediction this thing would sell quickly.
One factor that might be contributing to this property not selling is the fact it's been chopped up into three small units--neither of its two buyer pools can possibly be interested. Investment property buyers don't really want a luxury home in a prime location with three small units in it, because it doesn't make sense to pay a large location and architectural premium for three little apartments. And well-heeled Victorian aficionados interested in a lagoon property don't want a triplex; they want a large single-family home that's ready to move in as is.So much for my prediction this thing would sell quickly.
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