931 Chestnut ST, Alameda, CA 94501
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931 Chestnut ST, Alameda, CA 94501
931 Chestnut ST, Alameda, CA 94501
931 Chestnut ST, Alameda, CA 94501
931 Chestnut ST, Alameda, CA 94501
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David Lucas

David Lucas

+1(650) 399-0121
Listed by Rachel Ivers • Compass, DRE#02106194
$ 1,000,000
Est. payment /mo
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931 Chestnut ST Alameda, CA 94501

3 Beds

5 Baths

3,491 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,491 sqft

Price per Sqft $286

MLS Listing ID ML82048184

Bedrooms 3

Full Baths 5

Year Built 1904

Lot Size 3,944 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 value-add investors. The property features a diverse unit mix consisting of (2) studio units, (2) 1BR/1BA units, and (1) 2BR/1BA unit, allowing for immediate lease-up at market rents. The property offers a projected 6.70% cap rate upon occupancy of the vacant units. Unit E was recently renovated from a studio into a true 1BR/1BA unit. Additional income potential exists through garage and off-street parking, as well as implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring and interior paint in Units C and D, along with updates to common areas. 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

Cooling None

Flooring Carpet, Hardwood, Laminate, Vinyl / Linoleum

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Utilities Available Natural Gas

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 071-0269-003

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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David Lucas

David Lucas

Agent | License ID: 02114304

+1(650) 399-0121

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931 Chestnut ST