Finally--2324 Pacific Avenue, Alameda, CA

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After listing this property for weeks on craigslist, sometimes twice a day, with silly come-ons like "possibilities! live, work, play, you decide!", with a price in the mid-$600K, the seller finally got a clue and "slashed" the price:

$499000 PRICE SLASHED! Commuter's Dream OR Urban Lifestyle Dream Come True! (alameda) Beauty is indeed in the eye of the beholder. A visionary can see an urbanite lifestyle where one can walk to so many amenities. This has easy access to the bridge and the highways, which makes this a commuter's dream location.


2324-pacific-avenue.JPGUrbanite? In Alameda? Seriously?

It gets better (my emphasis):

According to the reference book "Buildings of the Edwardian Period, City of Alameda 1905 to 1909" by Geroge C. Gunn, this was built and owned as a residence by Willis C. Chamberlain who built the house next door at 2318 Pacific which is also for sale. There are very few if any alterations to the exterior.

As such this is a classic example of a Colonial Revival home.

Through the years, the property was converted into a legal duplex. At first glance, one can see the beautiful lines --- classic "good bones" --- of this property. However, it is evident that this is in need of rehabilitation.

This is a FIXER DUPLEX that any visionary re-modeler would love.

The best value of this property lies in its location --- just half a block away from Park Street shopping district with its marvelous restaurants, shops. Near City Hall and the newly restored Alameda Theater cineplex. Easy access to highways and public transportation.

The next door property is also for sale. If the same buyer bought both properties, the combined lots will be 100 feet wide by 150 feet deep --- downtown!

AND...this is zoned Commercial/light manufacturing (CM) To see what one can do with a CM zone, check CIty of Alameda's zoning by visiting http://www.ci.alameda.ca.us/gov/municipal_code.html, go to Chapter XXX (30.4 - 10) for Development Regulations and District Uses.
I take this to mean:

  1. We've done nothing to maintain or enhance it since 1907 other than keeping it from...
  2. Falling down...
  3. Please, anyone, whoever you are, whatever you want to do, live, build stuff, sell things, host raves, just take the damn things off my hands. It's going to cost you, though.
  4. It's very close to all the car dealerships in town, but other than that there isn't much to salvage about the house
The "next door property" on the huge lot also had its price slashed by almost half a million dollars.

At least these sellers have had the sense to make significant price cuts, although I must say I don't understand why they started so close to the outer edge of the stratosphere.


Update 5/19/2008: This is probably a typo, but the Craigslist post now starts with a price of $399,000. The Postlet price hasn't been updated, so who knows. But "Life could be a dream"? In a fixer with a view of the Alameda Auto Row? Give me a break.


Update 5/19/2008 again: Almost certainly a typo.



Update 8/1/08: The listing is inconsistent, and the above shows typos do creep into listings, but who knows, maybe they did drop the price for real.

$449000 Residential Income? Investment? Live/work? Duplex Zoned Commercial (alameda)


Reply to: Pacita@PacitaRealtor.com
Date: 2008-08-01, 7:31AM PDT



Pacita C. Dimacali, REALTOR, e-PRO, Seniors Real Estate Specialist | Gallagher and Lindsey, Inc. REALTORS | (510) 205 2992
2324 Pacific, Alameda, CA
Update 10/5/08: Finally sold for $410,000.

3 Comments

Ben Newman Author Profile Page said:

All I want is for them to stop spamming craigslist.

L. Opine Author Profile Page said:

No kidding. The silly "choices" and "possibilities" and "you decide" come-ons are particularly irritating.

Alameda Realtor Author Profile Page said:

Craigslist allows re-posting every 48 hours. If the poster doesn't refresh, it gets buried. Since this is their rule, we observe it. In the case of co-listers, double-posting may occur.

But this is good feedback. However, as most marketing experts will tell you, a good headline like "You decide" will get attention. Plain vanilla descriptions like "Fixer Duplex Downtown" will languish.

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This page contains a single entry by L. Opine published on April 23, 2008 1:25 PM.

Over my dead body--1526 Pacific Avenue, Alameda, CA was the previous entry in this blog.

WANT--1304 Morton Street, Alameda, CA is the next entry in this blog.

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