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2310 Pacific Avenue, Alameda, California 94501, Alameda, 94501 - bed, bath

2310 Pacific Avenue, Alameda, California 94501 home-pic-0
ACTIVE$1,500,000
2310 Pacific Avenue, Alameda, California 94501
0Bed
0Bath
2,289Sqft
7,467Lot
Year Built
1905
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$655
HOA
-
Days on market
-
Sold On
-
MLS number
ML82022220
Home ConditionFair
Features
Good View:
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.50M(93th), sqft - 2289(93th), beds - undefined(50th), baths - undefined(50th).

2310 Pacific Ave presents an exceptional investment opportunity in the heart of Alameda with nearly a 5% cap rate. This four-unit property offers immediate upside, with three of the four units currently vacant and ready to be leased at market rates. The building sits on a massive lot, creating potential for additional income opportunities, while the finished side yard serves as a private retreat. Ample off-street parking adds convenience and value, and the property is situated within the highly sought-after East Alameda school district. Enjoy the lifestyle benefits of this prime location, boasting a high walkability score and close proximity to Alamedas best amenities. Just a short stroll takes you to Park Streets vibrant mix of shops, cafes, and restaurants such as East End Pizza, Burma Superstar, and Alameda Theatre & Cineplex. Parks, beaches, and local favorites like South Shore Center are all within easy reach, making this property not only a smart investment but also an attractive offering for future tenants.

Nearby schools

6/10
Henry Haight Elementary School
Public,•K-5•0.5mi
8/10
Franklin Elementary School
Public,•K-5•1.1mi
9/10
Donald D. Lum Elementary School
Public,•4-5•1.2mi
5/10
William G. Paden Elementary School
Public,•K-5•2.4mi
5/10
Will C. Wood Middle School
Public,•6-8•1.2mi
9/10
Alameda High School
Public,•9-12•0.4mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.6mi

Price History

Date
Event
Price
09/19/25
Listing
$1,500,000
Condition Rating
Fair
The property, built in 1905, presents a mixed condition. While some units feature recently renovated kitchens with modern white cabinets, quartz countertops, and new appliances (stainless steel or white), other units clearly show older, dated kitchens with wood-tone cabinets, laminate countertops, and older white appliances. Flooring varies from new LVP to older carpeting. Heating systems appear to be older wall-mounted units. No bathroom images were provided. The exterior and common areas appear well-maintained and updated. Given the significant age of the building and the inconsistent level of renovation across all units, with some being modern and others quite dated, the overall condition falls into the 'Fair' category, indicating it's aged but maintained with occasional updates, and some components show signs of being outdated, requiring further updates to achieve a consistent modern standard across all units.
Pros & Cons

Pros

Great Schools: Elementary School: Donald D. Lum Elementary School (9/10). High School: Alameda High School (9/10).
Strong Investment Potential: The property is presented as an exceptional investment opportunity with a nearly 5% cap rate and immediate upside due to three of four units being vacant and ready for market-rate leasing.
Prime, Highly Walkable Location: Situated in the heart of Alameda, it boasts a high walkability score and close proximity to vibrant Park Street amenities, including shops, cafes, restaurants, parks, and beaches, making it highly attractive to tenants.
Significant Lot Size & Expansion Potential: The massive 7,467 sqft lot offers potential for additional income opportunities, such as ADUs, or future development, enhancing long-term value.
Ample Off-Street Parking: The provision of ample off-street parking is a valuable amenity in an urban setting, adding convenience for tenants and increasing the property's appeal.
Desirable School District: Located within the highly sought-after East Alameda school district, which is a significant draw for families and supports sustained property value.

Cons

Age of Building & Potential for Extensive Upgrades: Constructed in 1905, the property is over a century old, likely requiring significant capital investment for system updates (plumbing, electrical, HVAC) and modernization to meet current tenant expectations and market standards.
Unspecified Interior Condition & Renovation Costs: While three units are vacant, the description does not detail their current interior condition, suggesting potential for substantial renovation expenses to bring them to market-rate quality and attract desirable tenants.
Smaller Unit Sizes (Implied by Total SQFT): With 2,289 sqft divided among four units, the individual unit sizes are likely on the smaller side (~572 sqft/unit), which could limit the achievable market rents compared to properties with larger, more spacious units.

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