1576 Pacific Avenue

1576 Pacific Ave
Alameda, CA 94501

$1,700,000
Price
9
Beds
4
Baths
3,200 Sq. Ft.
$531 / Sq. Ft.
3,200
Sq. Ft.
$531
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.

Property Details for 1576 Pacific Avenue

Area
Alameda Map Area 3
City
ALAMEDA
Dist/Neighborhood/Subdiv
CENTRAL
Building Type
FOURPLEX
Garage/Parking
Off-Street Parking, Parking Area, Spaces per Unit - 1

Location

Listing Courtesy of Compass, Matt Pena, DRE #01715140

Property Details for 1576 Pacific Avenue

StatusNew
MLS #40975437
Days on Compass4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1954
Lot Size0.14 AC / 6,239 SF
CountyAlameda County

Listing Agent

Matt Pena

Matt Pena

Compass

matt.pena@compass.com

P: 510.849.7461

DRE #01715140

Contact Agent(s)

Location

Listing Courtesy of Compass, Matt Pena, DRE #01715140

Listing Agent

  1. Matt Pena

    Matt Pena

    Listing Agent

    Compass

    DRE #01715140

    matt.pena@compass.com

    P: 510.849.7461

Building Information for 1576 Pacific Avenue

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

Payment Calculator

$5,697 per month

30 year fixed, 2.95% Interest

Principal and Interest

$5,697

Property Taxes

HOA Dues

$0

Property Information for 1576 Pacific Avenue

Features
    Feature Details
  • Flooring: Linoleum, Carpet
  • Laundry: None
    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 Fee: 0.0
    Property Details
  • Additional Equipment: None
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Regular
  • Lot Sq Ft Apx: 6239
  • Roof: Composition Shingles
  • 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
  • Street Number Numeric: 1576.0
  • Street Name: Pacific Ave
  • County: Alameda
  • Zip Code: 94501
Multi Family Information
    General Details
  • Units Total: 4
  • Basement: None
  • Miscellaneous Features: None
  • Parking Description: Carport - 1, Off Street Parking, Parking Area, Space Per Unit - 1
  • Park Spaces Total: 4
  • Sq Ft Total Building: 3200
  • Existing Lease Terms: Month to Month, Security Deposit, Written Agreement, Year Lease, Other
  • Tenant Pays: Electric, Gas, Trash, Water
  • Financial Data Source: Estimated, Owner
    Unit 1 Information
  • Apx Sq Ft: 750
  • Bathrooms: 1
  • Bedrooms: 2
  • Occupied By: Tenant
  • Parking Spaces: 1
  • Rent: 1433
  • Unit #/Address: A
    Unit 2 Information
  • Apx Sq Ft: 950
  • Bathrooms: 1
  • Bedrooms: 3
  • Occupied By: Tenant
  • Parking Spaces: 1
  • Rent: 2800
  • Unit #/Address: B
    Unit 3 Information
  • Apx Sq Ft: 750
  • Bathrooms: 1
  • Bedrooms: 2
  • Occupied By: Tenant
  • Parking Spaces: 1
  • Rent: 0
  • Unit #/Address: C
    Unit 4 Information
  • Apx Sq Ft: 750
  • Bathrooms: 1
  • Bedrooms: 2
  • Occupied By: Tenant
  • Parking Spaces: 1
  • Rent: 2200
  • Unit #/Address: D
    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
Multi Family 5+ Information
    Building Details
  • Managers Unit: C
  • Total Deposits: 5900
Rental
    Rental Information
  • Occpnt Req 24 Hr Notice: Yes

Property History for 1576 Pacific Avenue

DateEvent & SourcePriceAppreciation
Dec 2, 2021

Listed (Active)

MLSListings #EB40975437

$1,700,000
Dec 2, 2021

Listed (Active)

EBRD #40975437

$1,700,000
DateEvent & SourcePrice
12/02/2021

Listed (Active)

MLSListings #EB40975437

$1,700,000
12/02/2021

Listed (Active)

EBRD #40975437

$1,700,000

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$171,531Additions$400,239Total$571,770
Tax Record2021$9,897 ($825 / month)
Home Facts
Total Finished SqFt1,631 SqFtAbove Grade Finished SqFt1,631 SqFtStories1Lot Size6,239 SqFtStyleQuadraplexYear Built1954Year Renovated1954CountyALAMEDAAPN72-330-31

Schools near 1576 Pacific Avenue


SchoolTypeGradesDistanceRating
Children's Learning CenterPrivate1-120.5 mi
NR
Love ElementaryPublicK-50.5 mi
6
Applied Scholastics Academy, East BayPrivateK-120.6 mi
NR
St. Joseph Elementary SchoolPrivateK-80.6 mi
NR

Children's Learning Center

1-12, 0.5 mi, Private

NR

Love Elementary

K-5, 0.5 mi, Public

6

Applied Scholastics Academy, East Bay

K-12, 0.6 mi, Private

NR

St. Joseph Elementary School

K-8, 0.6 mi, Private

NR

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.

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1576 Pacific Avenue is a multi-family home for sale in Alameda, CA 94501. This property was listed for sale on December 2, 2021 by Compass at $1,700,000. This listing's school district is Alameda Unified. Nearby schools include Love Elementary, Will C. Wood Middle and Encinal Junior/Senior High. 1576 Pacific Avenue is a 9-bed, 4-bath, 3,200 sqft multi-family home built in 1954.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Matt Pena, DRE #01715140

Based on information from the San Francisco Association of Realtors as of 12/02/2021 12:00 AM, the MLSListings MLS as of 12/02/2021 12:00 AM, or the BAREIS MLS as of 12/02/2021 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 12/06/2021 09:16 PM