931 Chestnut ST, Alameda, CA 94501
931 Chestnut ST, Alameda, CA 94501
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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Travis Breton

Travis Breton

+1(760) 470-2752
$ 1,000,000
Est. payment | /mo

3,942 Sqft Lot

Save
$ 1,000,000
Est. payment | /mo
Save

3,942 Sqft Lot

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID ML82048184

HOA Y/N No

Year Built 1904

Annual Tax Amount $16,190

Lot Size 3,942 Sqft

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 699 - Not Defined

Zoning R-4

Interior

Heating Electric

Cooling None

Fireplace No

Exterior

Utilities Available Natural Gas Available

Roof Type Shingle

Building

Water Public

Schools

School District Alameda City Unified

Others

Tax ID 0710269003

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Rachel Ivers Compass #02106194

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

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931 Chestnut ST

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