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Listed by Jatin Mehta • Kite Hill Real Estate
$ 1,798,000
Est. payment /mo
Active
537 Pacific Ave Alameda, CA 94501
4,522 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,522 sqft
Price per Sqft $397
Subdivision Alameda
MLS Listing ID 41112889
HOA Y/N No
Year Built 1959
Lot Size 7,500 Sqft
Property Sub-Type 5 or More Units
Source Bridge AOR
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
Interior
Heating Natural Gas
Cooling None
Flooring Wood
Fireplace No
Laundry Coin Operated
Building
Lot Description Rectangular Lot, Paved
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