553 Pacific Ave, Alameda, CA

Name: 553 Pacific Ave, For Sale in Alameda - Zoocasa
Brand: Compass Danville
SKU: 326086829
Price: 1200000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,200,000

003

MLS® 326086829

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3568 sqft

Garage Yes

Taxes

Days Active 11

Lot Size 0.1722 Acres

Approx. Age 1908

Avg. Price Per Sqft $336

MLS® Number 326086829

Property Address: 553 Pacific Ave, Alameda, CA, 94501-2172

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number326086829

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1908

Basement

DrivewayGarage, Off Street, Street

Garage Spaces

HeatCentral, Natural Gas, Wall Furnace

A/CNone

Extras

Map

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