925 & 931 Chestnut ST, Alameda, CA 94501
925 & 931 Chestnut ST, Alameda, CA 94501
925 & 931 Chestnut ST, Alameda, CA 94501
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Listed by Rachel Ivers • Compass, DRE#02106194
$2,350,000
Est. payment /mo
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4 Beds
5 Baths
7,715 SqFt
Open Fri 11AM-1PM

925 & 931 Chestnut ST Alameda, CA 94501

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Vivian Chen

Vivian Chen

+1(415) 350-8864

Open House

Fri May 29, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,715 sqft

Price per Sqft $304

MLS Listing ID ML82048178

Bedrooms 4

Full Baths 5

Year Built 1898

Lot Size 9,344 Sqft

Property Sub-Type Five or More Units

Property Description

AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO. Two (2) Charming Victorian-style apartments located on adjacent parcels located in Alamedas highly sought after Bronze Coast neighborhood. Excellent opportunity for value-add investors. Each property boasts five (5) units each: 925 CHESTNUT ST - (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) 2BR/1BA owners unit delivered vacant & 931 CHESTNUT ST (2) Studio, (2) 1BR/1BA, and (1) 2x1 unit. The owners unit at 925 Chestnut is currently vacant, allowing for immediate lease up at market rents. The portfolio delivers a 6.82% CAP RATE upon immediate lease-up of four (4) vacant units. Additional income potential exists through garage and tandem parking, and implementation of shared laundry for units currently without in-unit washer/dryers. Extensive renovations across some units at 925 & 931 Chestnut include full interior upgrades, new LVP flooring, interior paint, kitchen countertops and cabinetry. Major electrical improvements include brand new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed.

Location

State CA

County Alameda

Area Alameda Map Area 2

Zoning R-4

Interior

Heating Electric, Fireplace , Gas

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Attached Garage, Carport , Off-Site Parking

Garage Spaces 1.0

Utilities Available Other

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 071-0269-004-000

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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Vivian Chen

Vivian Chen

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+1(415) 350-8864

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925 & 931 Chestnut ST

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