537 Pacific Avenue
Alameda, CA 94501
- – beds
- – baths
- – sqft
- 7,500 sqft lot
- 1959 build
- – on site
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!
Last checked:
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Last updated Feb 17, 2025
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MLS# 41086168 —
The Building
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Year Built:1959
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Construction Materials:Stucco
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Total Number Of Units:6
Interior
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Laundry:Washer Included
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Laundry:1
Location
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Directions:Central to Webster St Cross Street: Webster.
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Latitude:37.77661700
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Longitude:-122.28050900
The Property
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Property Type:Residential Income
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Lot Size Area:7500.0000
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Lot Size Acres:0.1722
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Lot Size SqFt:7500.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:744367
Heating & Cooling
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Heating:1
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Heating:Natural Gas, Wall Furnace
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Cooling:Yes
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Cooling:None
Parking
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Parking Spaces:6.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/17/25
Feb 17, 2025
|
Listed / Active | CRMLS_CA | $2,099,500 | 2.4% (2.0% / YR) |
|
12/15/23
Dec 15, 2023
|
SFMLS | $2,050,000 |
