553 Pacific AVE, Alameda, CA 94501
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553 Pacific AVE, Alameda, CA 94501
553 Pacific AVE, Alameda, CA 94501
553 Pacific AVE, Alameda, CA 94501
553 Pacific AVE, Alameda, CA 94501
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Lindsey Ehrlicher Styles

Lindsey Ehrlicher Styles

+1(707) 718-2116
Listed by Marshall P Ward Compass Danville 
$ 1,200,000
Est. payment /mo
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Open Thu 10AM-12PM

553 Pacific AVE Alameda, CA 94501

3,568 SqFt

Open House

Thu Oct 22, 10:00am - 12:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 2 Houses on Lot

Listing Status Active

Purchase Type For Sale

Square Footage 3,568 sqft

Price per Sqft $336

MLS Listing ID 326086855

HOA Y/N No

Year Built 1908

Lot Size 7,501 Sqft

Acres 0.1722

Property Sub-Type 2 Houses on Lot

Property Description

Pleased to present 553 Pacific Avenue, a rare opportunity to acquire a distinctive five unit multifamily asset in Alameda's desirable West End. Comprising a charming Victorian fourplex and a separate three bedroom, one and a half bath rear home, the property offers approximately 3,568 square feet of building area on a 7,500 square foot lot. Additional highlights include a downstairs room offering flexibility as an office or bedroom, a distinctive tower bonus room, and a deck providing inviting outdoor space. Offered at an approximately 7.1% cap rate, this investment combines attractive income with a versatile two building configuration appealing to investors and owner users seeking additional rental income. Updated interiors and high end finishes complement the property's classic architectural character, while on site laundry and bike storage provide added convenience. Ideally situated near Webster Street's established retail and dining corridor and Alameda Farmers' Market, the property also benefits from proximity to Washington Park, Crab Cove, and Crown Memorial State Beach. Access to Alameda's ferry terminals connects residents to San Francisco, rounding out a compelling combination of income, character, and location.

Location

State CA

County Alameda

Area Alameda Map Area 4

Rooms

Basement None

Interior

Heating Central, Natural Gas, Wall Furnace

Cooling None

Fireplaces Number 2

Fireplaces Type See Remarks

Laundry Other

Exterior

Garage Spaces 1.0

Utilities Available See Remarks

Waterfront Description Public

Total Parking Spaces 3

Private Pool No

Building

Lot Description See Remarks

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 0740436002

Special Listing Condition Offer As Is

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Lindsey Ehrlicher Styles

Lindsey Ehrlicher Styles

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+1(707) 718-2116

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553 Pacific AVE