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Listed by Rachel Ivers • Compass
$1,350,000
Est. payment /mo
3,275 SqFt
Open Fri 11AM-1PM
925 Chestnut Street Alameda, CA 94501
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Fri May 29, 11:00am - 1:00pm
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,275 sqft
Price per Sqft $412
MLS Listing ID ML82048186
HOA Y/N No
Year Built 1898
Lot Size 5,400 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) vacant 2BR/1BA owners unit, allowing for immediate lease-up at market rents. The property offers a projected 6.91% cap rate upon occupancy of the 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 and subpanels. Sewer lateral inspection has also been completed.
Location
State CA
County Alameda
Interior
Heating Electric, Natural Gas
Cooling None
Flooring Hardwood, Laminate, Tile
Fireplace No
Building
Water Public
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