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Testexpfre 0925

[email protected] +1(586) 586-5860

Listed by Rachel Ivers • Compass, DRE#02106194

$ 2,350,000

Est. payment -/mo

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Open 5/29 11AM-1PM

925 & 931 Chestnut ST Alameda, CA 94501

4 Beds

5 Baths

7,715 SqFt

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

Charming Victorian-style apartment property located in Alamedas highly sought after Bronze Coast neighborhood. Excellent opportunity for investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income opportunities. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) 2BR/1BA owners unit delivered vacant, allowing for immediate lease up at market rents. The property delivers a 6.91% CAP RATE after occupancy of vacant units. Additional income potential exists through garage and tandem parking, on-site storage, (possible ADU conversion of storage areas), and implementation of shared laundry for units currently without in unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring, interior paint, cabinetry, and countertops in Unit E, along with a new dishwasher in the vacant owners unit. Major electrical improvements include brand new main panels, subpanels, and replacement on knob-and-tube wiring at 931 Chestnut. 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

Testexpfre 0925

+1(586) 586-5860

Testexpfre 0925

925 & 931 Chestnut ST Alameda, CA 94501

Open House

Key Details

Location

Interior

Exterior

Building

Others

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925 & 931 Chestnut ST