5-Unit Multifamily
New
For Sale
$1,200,000
553 Pacific Ave, Alameda, CA 94501
A Victorian fourplex and separate rear residence form a two-building rental property with on-site laundry and bicycle storage.
Property Size3,568 SF
Lot Size0.17 Acres
Price / SF$336.32
Days on Market2
Property Features for 553 Pacific Ave
General Information
Standard status
Active
Size
3,568 SF
Lot size
0.17 Acres
Property subtype
Investment
Units
Unit Mix
1 x 3BR/1.5BA
Multifamily Units
5
Additional Details
Cap Rate
7.1%
Public Transit
Yes
Amenities
on site laundry
bike storage
Building Details
Building Size
3,568 SF
Year Built
1908
Buildings
2
Units
5
Listing Agency:
Compass
Listed By:
Marshall P Ward · License #01919391
(415) 532-3161
Source:
Elliman
Added: Oct 16
Last Checked: Oct 16 at 2:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
This Alameda property contains five residences across two buildings: a Victorian fourplex and a separate rear home with three bedrooms and one and a half baths. The buildings total approximately 3,568 square feet on a 7,500-square-foot lot. Built in 1908, the property has updated interiors, on-site laundry, and bicycle storage. The reported cap rate is approximately 7.1%.
The property is near Webster Street’s retail and dining corridor, Alameda Farmers’ Market, Washington Park, Crab Cove, and Crown Memorial State Beach. Ferry terminals serving routes to San Francisco are also nearby. WalkScore is 90, described as Very Walkable; BikeScore is 79, described as Very Bikeable; and TransitScore is 49, described as Some Transit.
The property is near Webster Street’s retail and dining corridor, Alameda Farmers’ Market, Washington Park, Crab Cove, and Crown Memorial State Beach. Ferry terminals serving routes to San Francisco are also nearby. WalkScore is 90, described as Very Walkable; BikeScore is 79, described as Very Bikeable; and TransitScore is 49, described as Some Transit.
Key Highlights
- Five residences in two buildings: a Victorian fourplex and a separate rear home
- Approximately 3,568 square feet of building area on a 7,500‑square‑foot lot
- Rear residence has three bedrooms and one and a half baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,686
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,720
$1.0M
Cap Rate 7%
$738,371
$738.4K
Cap Rate 9%
$574,289
$574.3K
Market Conditions
NOI Build-Up for 3,568 SF
Gross rent
$99.8K $27.96/SF
− Vacancy
−$5.8K −$1.62/SF
EGI
$94.0K $26.34/SF
− OpEx
−$42.3K −$11.85/SF
NOI
$51.7K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,720
Cap Rate 7%
$738,371
Cap Rate 9%
$574,289
Alternative Uses
Best Use
Apartment 5plus
$738.4K
$646.1K – $861.4K
NOI $51,686 @ 7.0% cap · market cap 4.31%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$16.27M
$14.23M – $18.98M
NOI $1,138,643 @ 7.0% cap · market cap 94.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A Victorian fourplex and separate rear residence form a two-building rental property with on-site laundry and bicycle storage.
Where is this apartment building located?
The property is located at 553 Pacific Ave Alameda, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five residences in two buildings: a Victorian fourplex and a separate rear home; Approximately 3,568 square feet of building area on a 7,500‑square‑foot lot; Rear residence has three bedrooms and one and a half baths
