537 Pacific Avenue new Save Request In-Person Tour Request Virtual Tour
Alameda,CA 94501
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $442
MLS Listing ID 41102076
HOA Y/N No
Year Built 1959
Lot Size 7,500 Sqft
Property Sub-Type 5 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
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplace No
Appliance Washer
Laundry Coin Operated,Common Area
Building
Lot Description Rectangular Lot