537 Pacific Avenue, Alameda, CA 94501
Local realty services provided by:ERA Carlile Realty Group



537 Pacific Avenue,Alameda, CA 94501
$1,849,999
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by:ok denchukwu
Office:all access real estate
MLS#:41102076
Source:CRMLS
Price summary
- Price:$1,849,999
About this home
537 Pacific Ave is a prime investment opportunity in the heart of West Alameda, California. This well-maintained six-unit apartment building is just one block from vibrant Webster St, a bustling commercial corridor filled with shops, dining, and entertainment. Built in 1959, the 4,522 SF building sits on a generous 7,500 SF lot between 5th and 6th Streets. The property offers an excellent unit mix-5 spacious one-bedrm, one-bathrm units and a large two-bedrm, two-bathrm unit. Each unit is individually metered for water, gas, and electricity, keeping owner expenses low. Three of the six units have been beautifully renovated with sleek, modern finishes, while the two-bedroom unit boasts the convenience of in-unit laundry. The remaining three units have received light upgrades. Residents enjoy a shared backyard, six covered carport parking spaces, an on-site coin-operated laundry facility, and six private storage closets-one for each unit. G.Income=$163k/yr. For investors, the property presents exciting potential. The laundry room, carports, storage spaces & spacious backyard may offer an opportunity for an accessory dwelling unit (ADU) conversion. With its unbeatable location, strong rental appeal, and value-add potential, property is a rare find in Alameda’s thriving rental market!
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Home facts
- Year built:1959
- Listing Id #:41102076
- Added:58 day(s) ago
- Updated:August 17, 2025 at 10:32 AM
Heating and cooling
- Heating:Natural Gas, Wall Furnance
Structure and exterior
- Year built:1959
- Lot area:0.17 Acres
Finances and disclosures
- Price:$1,849,999
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