NOT LISTED FOR SALE

2027 Pacific Ave Alameda, CA 94501

West Alameda Neighborhood

Estimated Value: $1,234,000 - $1,588,000

5 Beds
4 Baths
3,197 Sq Ft
$447/Sq Ft Est. Value

Last Sold January 02, 2024

Last sale price $1,350,000 $422 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $9,348/month

13 Days on Market

About This Home

As of January 2024

Wonderful opportunity of homeownership for owner occupant or investor! Combining vintage elegance with modern upgrades, this 3-story triplex presents a spacious main floor featuring 3 bedrooms and 2 baths, with generous amounts of storage. A lower level features a 2 bedroom 1 bath unit and a 1 bedroom 1 bath unit. Additionally, theres a large fourth unit on the 3rd floor/attic featuring 2 bedrooms and 1 bath. Live in one of the units and rent out the rest, or simply rent out all of the units and maximize your rental income potential. Each of the units have separately meters and the lower-level units have recently been remodeled. Built on a 7,324 sqft lot, this property has plenty of parking in the rear and great potential for expansion. Located in a highly desirable area near Lincoln Ave, Alameda Marina and Downtown. Close to 880 Fwy. public transportation, restaurants, shopping and more!

Last Agent to Sell the Property

Eddie Oberoi

Intero Real Estate Services License #01323567 Listed on: 09/29/2023

Intero Real Estate Services

Co-Listed By

Kamal Thind

Intero Real Estate Services License #02128073

Last Buyer's Agent

Bob Johnston

Coldwell Banker Realty License #01228365

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,764

Year Built

  • 1892

Lot Details

  • 7,322 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 3,197 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Composition Roof

Listing and Financial Details

  • Total Actual Rent $65,880

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,532
  • Other Expense $396
  • Utility Expense $4,168
  • Trash Expense $1,632
  • Operating Expense $11,412
  • Gross Income $65,880

Security

  • Building Fire Escape

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,764

Year Built

1892

Lot Details

0

Listing Details

  • Zoning: Triplex
  • Subclass: Triplex
  • Age: 131
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3197
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1892

Interior Features

  • Living Sq Ft: 3197
  • Security: Fire Escape, Window Bars

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Parking Area

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Alameda City Unified

Lot Info

  • Lot Acres: 0.1681
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7324.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7324.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.25
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1532
  • Expenses Other: 396
  • Expenses Total: 11412
  • Expenses Utility: 4168
  • Expense Trash: 1632
  • Income Annual Gross: 65880.00
  • Income Annual Rental: 65880
  • Income Gross Scheduled: 65880
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 29, 2023
Closed on
Nov 13, 2023
Sold by
Luz Serna Family Trust
Bought by
Le Stephanie Ngoc and Vo Vinh Quang
Seller's Agent
Eddie Oberoi
Intero Real Estate Services
Buyer's Agent
Bob Johnston
Coldwell Banker Realty
List Price
$1,400,000
Sold Price
$1,350,000
Premium/Discount to List
-$50,000
-3.57%
Views
26
Current Estimated Value
$1,428,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,640
Avg. Annual Appreciation
3.49%
Original Mortgage
$1,079,850
Interest Rate
7.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2021
Sold by
Maria Serna Luz
Bought by
Luz Serna Family Trust

Purchase Details

Closed on
Jul 14, 2021
Sold by
Serna Arthur and Luz Serna Family Trust
Bought by
Serna Arthur and Luz Serna Family Trust

Purchase Details

Closed on
Feb 29, 2000
Sold by
Serna Luz
Bought by
Serna Luz and The Luz Serna Family Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Le Stephanie Ngoc $1,350,000 Old Republic Title Company
Luz Serna Family Trust -- --
Serna Arthur -- None Available
Luz Serna Family Trust -- --
Serna Luz -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Le Stephanie Ngoc $1,079,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2024 01/02/24 Sold $1,350,000 -3.6% $422 / Sq Ft
10/13/2023 10/13/23 Pending -- -- --
09/29/2023 09/29/23 For Sale $1,400,000 -- $438 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,764 $1,370,000 $413,100 $963,900
2024 $18,764 $1,220,380 $477,540 $742,840
2023 $18,059 $1,196,460 $468,180 $728,280
2022 $4,961 $1,173,000 $459,000 $714,000
2021 $5,436 $93,547 $56,627 $36,920
2020 $5,103 $92,588 $56,046 $36,542
2019 $3,862 $90,774 $54,948 $35,826
2018 $3,793 $88,993 $53,870 $35,123
2017 $3,705 $87,249 $52,814 $34,435
2016 $3,664 $85,538 $51,779 $33,759
2015 $3,632 $84,253 $51,001 $33,252
2014 $3,682 $82,603 $50,002 $32,601
Source: Public Records

Agents Affiliated with this Home

  • Eddie Oberoi

    Seller's Agent in 2024

    Eddie Oberoi

    Intero Real Estate Services

    (408) 771-4088

    1 in this area

    341 Total Sales

    Eddie Oberoi
    Section Image
  • Kamal Thind

    Seller Co-Listing Agent in 2024

    Kamal Thind

    Intero Real Estate Services

    (650) 680-5259

    1 in this area

    17 Total Sales

    Kamal Thind
    Section Image
  • Bob Johnston

    Buyer's Agent in 2024

    Bob Johnston

    Coldwell Banker Realty

    (650) 400-5039

    1 in this area

    86 Total Sales

    Bob Johnston
    Section Image

  • R

    Buyer Co-Listing Agent in 2024

    Rachel Sudano

    Coldwell Banker Realty

    (650) 766-2764

    1 in this area

    9 Total Sales

    Rachel Sudano
    Section Image
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Map

Source: MLSListings

MLS Number: ML81943615

MLSListings

APN: 071-0252-003-00

California Alameda County Alameda 94501 West Alameda

2027 Pacific Ave, Alameda, CA

This home is located at 2027 Pacific Ave, Alameda, CA 94501 since 29 September 2023 and is currently estimated at $1,428,640, approximately $446 per square foot. This property was built in 1892. 2027 Pacific Ave is a home located in Alameda County with nearby schools including Love Elementary, Will C. Wood Middle School, and Alameda High School.

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