CA > Alameda
Alameda, CA 94501,537 Pacific Avenue
Alameda, CA 94501,537 Pacific Avenue
Alameda, CA 94501,537 Pacific Avenue
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,999,950
Est. payment /mo
7,501 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 41102076

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

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California Regional MLS (CRMLS)
Listed by OK Denchukwu • All Access Real Estate

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