473 Pacific Ave, Alameda, California 94501, Alameda, 94501 - 2 bed, 1 bath
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Alameda, California 94501
This Charming 1948 Bungalow is a Strong Value Opportunity, listed at $799,000—positioned well below the $848,292 Fair Market Value by 5%. This valuation gap offers $49,292 in Instant Equity. The home maintains a Move-In Ready Condition Rating with refinished hardwood floors and a private patio, while the 4,600 sq. ft. lot provides significant ADU expansion potential. Located near Paden Elementary and Encinal Junior/Senior High, this property balances lifestyle and investment. It is ideal for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 473 Pacific Ave Subject | $799,000* List Price | 2 | 1 | 1,122 | $756 | - |
A 333 Central Sold | $850,000 | 2 | 1 | 1,173 | $725 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1948 bungalow is in move-in ready condition, showing high-quality maintenance and strategic updates. Key features include refinished hardwood floors, updated dual-pane windows, and a modernized bathroom with contemporary fixtures. While the kitchen is described as 'vintage' and may eventually require aesthetic updates, the overall property is well-maintained with fresh paint and updated lighting, fitting the criteria for a well-functioning home within its expected lifespan.
The property features a generous 4,600 sq. ft. lot with a large backyard and detached garage, offering significant potential for an Accessory Dwelling Unit (ADU) or outdoor expansion.
This 1948 bungalow maintains its original charm with gleaming hardwood floors while benefiting from essential modern upgrades like dual-paned windows throughout.
Situated on a quiet street in a highly desirable Alameda neighborhood, the home provides excellent walkability and proximity to local shops, dining, parks, and transit.
The residence includes only one bathroom, which may be a drawback for growing families or buyers seeking a primary suite configuration.
While functional, the kitchen is described as having 'vintage charm,' suggesting it may require a modern renovation to meet the aesthetic and functional standards of today's buyers.
Welcome to 473 Pacific Avenue, a charming 2-bedroom, 1-bath bungalow blending classic character with modern comfort and future potential. This light-filled home features gleaming hardwood floors and dual-paned windows throughout, creating a warm and inviting living space. The spacious living room flows seamlessly into a bright dining area, perfect for everyday living and entertaining. The kitchen offers vintage charm with ample cabinetry and an adjoining breakfast nook. An enclosed porch provides added functionality, ideal for additional storage or a convenient mudroom. Two well-sized bedrooms and an updated bathroom complete the interior. Outside, enjoy a large backyard with plenty of room for entertaining, gardening, or potential ADU expansion. A long driveway leads to a detached garage, offering ample parking and storage. Ideally located on a quiet Alameda street near shops, dining, parks, and transportation, this home offers charm, convenience, and opportunity.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.4 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 29% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 1,122 | 1,869 | 10% |
| Lot Size | 4,600 | 4,879 | 46% |
| Price | $799.0K | $1.40M | 7% |
| Price per sq ft | $712 | $741 | 43% |
| Built year | 1948 | 1918 | 80% |
| HOA | $0 | $0 | 50% |
| Days on market | 19 | 159 | 1% |
Apr 4, 2026
$799,000
Initial Listing