About this home

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 6.81% current cap rate and upside to a 7.38% 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.

Facts and features

Schools

• Will C. Wood Middle School

  middle · 6-8 · 0.4 mi

  6

• Love Elementary School

  elementary · 0.5 mi

  8

• Alameda High School

  high · 9-12 · 0.6 mi

  10

• St Joseph Notre Dame High School

  high · 9-12 · 0.1 mi

• Saint Joseph Notre Dame High School

  high · 9-12 · 0.1 mi

• St. Joseph Elementary School

  elementary · 0.1 mi

Price history

• Sep 30, 2026 · Price Changed$1,499,999
• Aug 21, 2026 · Listed$1,555,000
• Apr 1, 2026 · Listing Removed—
• Apr 1, 2026 · Listing Removed—
• Nov 8, 2025 · Listed$1,295,000
• Nov 8, 2025 · Listed$1,295,000
• Oct 11, 2025 · Listing Removed—
• Oct 7, 2025 · Listed$1,449,000

Tax history

• 2025$6,886 tax · $410,119 assessed
• 2024$6,761 tax · $402,078 assessed
• 2023$6,498 tax · $386,467 assessed
• 2022$6,332 tax · $378,890 assessed
• 2021$6,164 tax · $371,462 assessed
• 2020$7,463 tax · $367,654 assessed
• 2019$6,699 tax · $360,447 assessed
• 2018$6,543 tax · $353,381 assessed

Home value

$1,539,000

• Collateral Analytics$1,539,000
• Quantarium$1,383,805

Where it is