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537 Pacific Ave
Alameda, CA 94501

$125K PRICE IMPROVEMENTS | 6 Turnkey Units · Multifamily Property For Sale · 6 Units

INVESTMENT HIGHLIGHTS

  • 6-Unit Turnkey Investment property Located in West Alameda, One Block From Webster Street, The Main Commercial Corridor for Alameda
  • No Long-Term Tenants - All Units Have Had Move-Ins Within The Last 3 Years
  • Potential Opportunity to Increase Th Unit Count Through The Addition of a Detached ADU or ADU Conversion
  • 3 Units Have Been Extensively Upgraded With Contemporary Finishes & The Remaining 3 Units Have Undergone Light Renovations
  • All Units Are Individually Metered For Water, Gas & Electric Leaving Minimal Operating Expenses For the Owner to Pay For
  • Seismic Retrofit Completed, Automatic Emergency Gas Shutoff Devices Installed, New Exterior Paint, New Wooden Fence, New Landscaping

PROPERTY FACTS

No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 4,522 SF
Average Occupancy 100%
No. Stories 2
Year Built 1962
Parking Ratio 1.33/1,000 SF

UNIT AMENITIES

  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Carpet
  • Freezer
  • Linen Closet

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 5 - 700
2+2 1 - 1,020

PROPERTY TAXES

  • Listing ID: 29681382

  • Date on Market: 10/2/2023

  • Last Updated:

  • Address: 537 Pacific Ave, Alameda, CA 94501