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Listed by Rachel Ivers, DRE #02106194 • Compass
$1,350,000
Est. payment /mo
5 Beds
5 Baths
3,275 SqFt
Open Fri 11AM-1PM
925 Chestnut ST Alameda, CA 94501
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Open House
Fri May 29, 11:00am - 1:00pm
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Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,275 sqft
Price per Sqft $412
MLS Listing ID ML82048186
Bedrooms 5
Full Baths 5
Year Built 1898
Lot Size 5,400 Sqft
Property Sub-Type Five or More Units
Source MLSListings, Inc.
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
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 Carport , Off-Site Parking
Utilities Available Other
Roof Type Shingle
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 071-0269-004
Special Listing Condition Not Applicable
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