Listed by Marshall P. Ward of Compass Danville
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. Additional highlights include a downstairs room offering flexibility as an office or bedroom, a distinctive tower bonus room, and a deck providing inviting outdoor space. 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.

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Based on information submitted to CA_BAREIS as of October 18, 2026 7:33 PM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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