REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,099,500
Est. payment | /mo
7,501 Sqft Lot
$ 2,099,500
Est. payment | /mo
7,501 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41086168
HOA Y/N No
Year Built 1959
Lot Size 7,501 Sqft
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
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Appliance Washer
Exterior
Total Parking Spaces 6
Others
Tax ID 744367
Listed by OK Denchukwu • All Access Real Estate
Joshua Tolar
Homeowner Advisor | Realtor | License ID: 02000924
+1(909) 525-2770 | josh@pivothomes.com