See all 28 photos
$1,350,000
Est. payment /mo
3,275 SqFt
Pending
925 Chestnut Street Alameda, CA 94501
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Key Details
Property Type COMM RI MULTI-UNITS 5
Sub Type Other
Listing Status Pending
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
Acres 0.124
Property Sub-Type Other
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
Zoning R-4
Interior
Heating Electric, Natural Gas
Cooling None
Flooring Hardwood, Laminate, Tile
Fireplace No
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 0710269004

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Listed by Rachel Ivers • Compass
NEARBY SCHOOL & BUSINESS
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