NOT LISTED FOR SALE
7 Beds
-- Bath
4,522 Sq Ft
7,500 Sq Ft Lot Lot

Sale Details

Date Sold: December 15, 2023

Last sale price $2,050,000 $453 Per Sq Ft

44 Days on Market

Highlights

  • Wood Flooring
  • 6 Car Attached Garage
  • Wood Siding
  • Encinal Junior/Senior High Rated A
  • Coin Laundry
  • 4-minute walk to Longfellow Park

About This Home

As of December 2023

537 Pacific Ave is a six-unit apartment building centrally located in West Alameda, California, just 1 block from Webster St, one of the main commercial corridors in the City of Alameda. Built in 1959, the 4,522 SF structure is situated on a 7,500 SF lot on Pacific Ave between 5th and 6th St. The property features a unit mix of 5 one-bedroom, one-bathroom units and 1 large two-bedroom, two-bathroom unit that is ideally suited for an owner-occupier. Each unit is individually metered for water, gas & electric, leaving minimal operating expenses for the owner to pay for. Three of the six units have been extensively renovated with contemporary finishes and the two-bedroom unit features in-unit laundry. The remaining three units have undergone light unit upgrades. The property features a sizable backyard that all tenants have access to as well as six covered carport parking spaces, an on-site, coin-operated laundry facility and 6 large storage closets, one for each unit. The laundry room, carports, and storage closets provide the potential opportunity for an accessory dwelling unit conversion and the backyard provides a potential opportunity to build a detached accessory dwelling unit.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #DRE #01490046 Listed on: 10/02/2023

Co-Listed By

Zachary Greenwood

Cushman & Wakefield License #DRE #01960296

Last Buyer's Agent

OK Denchukwu

All Access Real Estate License #01461976

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Frame Construction
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,522 Sq Ft Home
  • 2-Story Property

Kitchen

  • Free-Standing Electric Oven
  • Free-Standing Electric Range
  • Free-Standing Freezer
  • Dishwasher

Flooring

  • Wood
  • Linoleum
  • Tile

Parking

  • 6 Car Attached Garage
  • 2 Carport Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 6 Units
  • Coin Laundry
  • 6 Leased Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 074-0436-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Updated/Remodeled, Varies By Unit
  • Levels: Two
  • Stories: 2
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Free Standing Electric Oven, Free Standing Electric Range, Free Standing Freezer, Free Standing Refrigerator, Varies By Unit
  • Flooring: Linoleum, Tile, Varies By Unit, Wood
  • Laundry Features: Coin Operated, In Common Area
  • Price Per Square Foot: 453.34
  • Square Footage: 4522.00

Exterior Features

  • Construction Materials: Frame, Wood
  • Roof: Bitumen

Garage/Parking

  • Carport Spaces: 2.00
  • Parking Features: Attached, Carport, Covered, Off Street, Varies By Unit
  • Total Parking Spaces: 6.00
  • Covered Parking Spaces: 6.00
  • Independent Parking Spaces: 6

Utilities

  • Heating: Gas, Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Fee Information

  • Utilities Expenses: 3673

Lot Info

  • Assessor Parcel Number: 074-0436-007
  • Lot Features: Curbs/Gutters, Shape Regular, Sidewalk
  • Lot Size Acres: 0.1722
  • Lot Size Sq Ft: 7500.00
  • Lot Size Units: SqFt
  • Price Per Acre: 11904761.90

Rental Info

  • Lease Term: Varies By Unit
  • Tenant Pays: Electricity, Gas, Water
  • Units Furnished: None

Building Info

  • Number of Units Total: 6

Multi Family

  • Gross Rent Multiplier: 12.20
  • 1 Bedroom Rent Range: 1,946 to 2295
  • Two Bedroom Rent Range: 3195
  • Number Of1 Bedrooms Occupied: 5
  • Number Of2 Bedrooms Occupied: 1
  • Number Of Units Leased: 6
  • Separate Meters: Electricity, Gas, Water
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/15/2023 12/15/23 Sold $2,050,000 -2.4% $453 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
11/09/2023 11/09/23 Price Changed $2,100,000 -5.6% $464 / Sq Ft
10/02/2023 10/02/23 For Sale $2,225,000 -- $492 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $30,800 $2,082,840 $612,000 $1,470,840
2024 $30,800 $2,042,000 $600,000 $1,442,000
2023 $23,390 $1,473,088 $436,985 $1,036,103
2022 $22,872 $1,444,207 $428,417 $1,015,790
2021 $22,318 $1,415,896 $420,019 $995,877
2020 $22,106 $1,407,492 $415,713 $991,779
2019 $20,649 $1,380,024 $407,565 $972,459
2018 $20,137 $1,353,087 $399,574 $953,513
2017 $19,204 $1,323,267 $391,740 $931,527
2016 $15,136 $945,653 $269,859 $675,794
2015 $15,061 $931,493 $265,806 $665,687
2014 $14,735 $913,300 $260,600 $652,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 423913823

San Francisco Association of REALTORS®
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