553 Pacific Avenue

Pleased to present 553 Pacific Avenue, a rare opportunity to acquire a distinctive five unit multifamily asset in Alameda's desirable West End. Comprising a charming Victorian fourplex and a separate three bedroom, one and a half bath rear home, the property offers approximately 3,568 square feet of building area on a 7,500 square foot lot. Offered at an approximately 7.1% cap rate, this investment combines attractive income with a versatile two building configuration appealing to investors and owner users seeking additional rental income. Updated interiors and high end finishes complement the property's classic architectural character, while on site laundry and bike storage provide added convenience. Ideally situated near Webster Street's established retail and dining corridor and Alameda Farmers' Market, the property also benefits from proximity to Washington Park, Crab Cove, and Crown Memorial State Beach. Access to Alameda's ferry terminals connects residents to San Francisco, rounding out a compelling combination of income, character, and location.

Days on Market

0 days

Current Status

Active

Original Price

List Price

$1,200,000

On Market Date

Oct 14, 2026

Property Type

2 Houses on Lot

Area

Alameda Map Area 4

Zip Code

94501

MLS ID

326086855

APN

0740436002

Year Built

1908

Stories in Building

2

Possession

Close Of Escrow

Data Source

BAREIS

Origin MLS System

Bed

0

Bath

0

Parking

3

See Remarks

SQ FT

3,568

SQ FT Source

Assessor Auto-Fill

Lot SQ FT

7,501.0

Lot Acres

0.1722 Acres

Cooling

None

Disclosures

Offer As Is

Fire Place

See Remarks

Heating

Electric

Laundry

Other

Main Level

Garage, Kitchen, Living Room

Possession

Close Of Escrow

Basement

None

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.