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Listed by Jatin Mehta • Kite Hill Real Estate
$ 1,798,000
Est. payment /mo
Open Sun 2:30PM-4:30PM
537 Pacific Ave Alameda, CA 94501
3 Beds
3 Baths
4,522 SqFt
Open House
Sun Oct 05, 2:30pm - 4:30pm
UPDATED:
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 $397
MLS Listing ID EB41112889
Bedrooms 3
Year Built 1959
Lot Size 7,500 Sqft
Property Sub-Type Five or More Units
Source Bridge MLS
Property Description
To access marketing package copy/paste: https://bit.ly/kitehillre. This well-maintained six-unit apartment building is located in the heart of West Alameda, just one block from Webster Street, one of the city's primary commercial corridors offering shops, dining, and daily conveniences. Built in 1959, the property comprises approximately 4,522 square feet of rentable space situated on a 7,500 square foot lot. The unit mix consists of five one-bedroom/one-bath units and one spacious two-bedroom/two-bath unit. The larger unit provides flexibility for potential owner-occupancy or the ability to capture higher rental income. Each apartment is separately metered for water, gas, and electricity. This feature minimizes operating expenses for the owner while giving tenants direct responsibility for their utility usage. With a combination of stable cash flow, limited owner expenses, and an attractive location near retail, transit, and neighborhood amenities, this property represents a compelling opportunity for investors seeking both immediate income and long-term value.
Location
State CA
County Alameda
Area Alameda Map Area 4
Interior
Heating Gas
Cooling None
Flooring Wood
Laundry Laundry Facility - Coin-Op
Exterior
Exterior Feature Stucco
Parking Features Tandem Parking
Garage Spaces 6.0
Building
Lot Description Regular
Sewer Sewer - Public
Others
Tax ID 74-436-7
Special Listing Condition Not Applicable
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