1576 Pacific Avenue

Alameda, CA 94501

$1,585,000
Last Sold Price
9
Beds
4
Baths
3,200 Sq. Ft.
$495 / Sq. Ft.
3,200
Sq. Ft.
$495
per Sq. Ft.

Description

Incredible opportunity to own a four unit income producing property in Alameda. This property consists of one-3 bedroom 1 bath unit with three-2 bedroom 1 bath units and ready for an investor to pick up the baton. Central location with quick access to Park Street, Webster Street, South Shore Center, Marina Village, and Alameda Landing.Incredible opportunity to own a four unit income producing property in Alameda. This property consists of one-3 bedroom 1 bath unit with three-2 bedroom 1 bath units and ready for an investor to pick up the baton. Central location with quick access to Park Street, Webster Street, South Shore Center, Marina Village, and Alameda Landing.

Property Details for 1576 Pacific Avenue

City
ALAMEDA
Dist Neighborhood Subdiv
CENTRAL
Building Type
FOURPLEX
Property Sub Type
FOURPLEX
Garage Spaces
0
Garage/Parking
Off-Street Parking, Parking Area, Spaces per Unit - 1
Park Spaces Total
4
Total # Parking Spaces
4

Location

Listing Courtesy of Compass, Mathew Pena, DRE #01715140

Sold By Alliance Bay Realty, Avonne Suen, DRE #01997147

Add your commute
LISTING UPDATED: 03/15/2022 05:56 PM

Property Details for 1576 Pacific Avenue

StatusSold
MLS #40975437
Days on Compass43
Taxes$9,897 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built1954
Lot Size0.14 AC / 6,239 SF
CountyAlameda County

Location

Listing Courtesy of Compass, Mathew Pena, DRE #01715140

Sold By Alliance Bay Realty, Avonne Suen, DRE #01997147

Add your commute

Building Information for 1576 Pacific Avenue

Stories-Residences4Year Built1954Building Size-Lot Size0.14 AC / 6,239 SF

Payment Calculator

$9,475 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,650

Property Taxes

$825

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1576 Pacific Avenue

Features
Feature Details
  • Flooring: Carpet, Linoleum
  • Laundry: None
Room Details
  • Rooms Total: 0
  • Bathrooms Total Count: 0.0
  • Bathrooms Half: 0
Utility Details
  • Cooling: No Air Conditioning
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: None
  • HOA Dues: $.00
Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Complex Name: MORTON PLACE
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 6239
  • Lot Size Square Feet: 6239.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 3200
  • Stories: 0.0
  • Yard Description: Fenced
  • Year Built: 1954
  • Acres: 0.14
Location Details
  • Elementary School District: Alameda (510) 748-4000
  • Directions to Property: Grand to Pacific
  • FIPS Code: 06001
  • Parcel Number: 72-330-31
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 4
  • Basement: None
  • Parking Description: Carport - 1, Off Street Parking, Parking Area, Space Per Unit - 1
  • Existing Lease Terms: Month to Month, Other, Security Deposit, Written Agreement, Year Lease
  • Tenant Pays: Electric, Gas, Trash, Water
  • Financial Data Source: Estimated, Owner
Income / Expense Details
  • Annual Expense Year: 2021
  • Annual Taxes $: $9,897
  • Annual Gross Fee Income: $0
  • Annual Gross Sched Income: $0
  • Annual Miscellaneous Income: $0
  • Annual Rental Income: $103,596
  • Gross Oper Income (Act): $103,596
  • Net Operating Income: $86,052
  • Annual Insurance Expense: $2,143
  • Annual License Expense: $0
  • Annual Maintance Expense: $5,000
  • Annual Management Expense: $0
  • Annual Total Oper Expense: $17,544
  • Annual Utility Expense: $504
  • Annual Vacancy Expense: $0
  • Other Annual Expense: $0
Unit 1 Details
  • Unit #/Address - 1: A
  • Occupied By 1: Tenant
  • Bedrooms 1: 2
  • Bathrooms 1: 1
  • Parking Spaces 1: 1
  • Apx Sq Ft 1: 750
  • Rent 1: 1433
Unit 2 Details
  • Unit #/Address - 2: B
  • Occupied By 2: Tenant
  • Bedrooms 2: 3
  • Bathrooms 2: 1
  • Parking Spaces 2: 1
  • Apx Sq Ft 2: 950
  • Rent 2: 2800
Unit 3 Details
  • Unit #/Address - 3: C
  • Occupied By 3: Tenant
  • Bedrooms 3: 2
  • Bathrooms 3: 1
  • Parking Spaces 3: 1
  • Apx Sq Ft 3: 750
  • Rent 3: 0
Unit 4 Details
  • Unit #/Address - 4: D
  • Occupied By 4: Tenant
  • Bedrooms 4: 2
  • Bathrooms 4: 1
  • Parking Spaces 4: 1
  • Apx Sq Ft 4: 750
  • Rent 4: 2200
Multi Family 5+ Information
Building Details
  • ADDTL MISC FEATURES: None
  • Managers Unit: C
  • Total Deposits: 5900
Income / Expense Details
  • Gross Rent Multiplier: $0
Other Financial Information
  • Cap Rate: 0.0
Additional Information
Additional Information
  • Fireplace: No
  • Elementary School District: Alameda (510) 748-4000
  • High School District: Alameda (510) 748-4000

Property History for 1576 Pacific Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1576 Pacific Avenue

Taxable ValueLand$485,010Additions$1,131,690Total$1,616,700
Tax Record2023$23,343 ($1,945 / month)
Home Facts
Total Finished SqFt3,200 SqFtAbove Grade Finished SqFt3,200 SqFtStories1Lot Size6,239 SqFtStyleQuadraplexYear Built1954CountyALAMEDAAPN72-330-31

Schools near 1576 Pacific Avenue

This home is within Alameda Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Maya Lin School
PublicK to 5

Will C. Wood Middle School
Public6 to 8

Island High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Mathew Pena, DRE #01715140

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.