Homes for sale - 537 Pacific AVE, Alameda, CA 94501

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JLee Broker

[email protected] +1(650) 857-1000

Listed by OK Denchukwu • All Access Real Estate

$2,099,500

Est. payment - /mo

4,522 SqFt

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Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,522 sqft

Price per Sqft $464

MLS Listing ID BE41086168

Year Built 1959

Lot Size 7,500 Sqft

Property Sub-Type Five or More Units

Source Bay East

Property Description

537 Pacific Ave is a prime investment opportunity in the heart of West Alameda, California. This well-maintained six-unit apartment building is just one block from vibrant Webster St, a bustling commercial corridor filled with shops, dining, and entertainment. Built in 1959, the 4,522 SF building sits on a generous 7,500 SF lot between 5th and 6th Streets. The property offers an excellent unit mix-5 spacious one-bedrm, one-bathrm units and a large two-bedrm, two-bathrm unit. Each unit is individually metered for water, gas, and electricity, keeping owner expenses low. Three of the six units have been beautifully renovated with sleek, modern finishes, while the two-bedroom unit boasts the convenience of in-unit laundry. The remaining three units have received light upgrades. Residents enjoy a shared backyard, six covered carport parking spaces, an on-site coin-operated laundry facility, and six private storage closets-one for each unit. G.Income=$163k/yr. For investors, the property presents exciting potential. The laundry room, carports, storage spaces & spacious backyard may offer an opportunity for an accessory dwelling unit (ADU) conversion. With its unbeatable location, strong rental appeal, and value-add potential, property is a rare find in Alameda's thriving rental market!

Location

State CA

County Alameda

Area Alameda Map Area 4

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Laminate, Tile

Laundry Laundry Facility - Coin-Op, Washer, Community Facility

Exterior

Exterior Feature Stucco

Parking Features Attached Garage

Garage Spaces 6.0

Building

Lot Description Regular

Sewer Sewer - Public

Water Public

Others

Tax ID 74-436-7

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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537 Pacific AVE Alameda, CA 94501

JLee Broker

Key Details

Location

Interior

Exterior

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