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537 Pacific Ave
Alameda, CA 94501
$125K PRICE IMPROVEMENTS | 6 Turnkey Units · Multifamily Property For Sale
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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 | Building Size | 4,522 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.17 AC |
| 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 |
Amenities
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
| Parcel Number | 074-0436-007-00 | Improvements Assessment | $1,470,840 |
| Land Assessment | $612,000 | Total Assessment | $2,082,840 |
Property Taxes
Parcel Number
074-0436-007-00
Land Assessment
$612,000
Improvements Assessment
$1,470,840
Total Assessment
$2,082,840
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