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

Travis Breton

+1(760) 470-2752
$ 2,350,000
Est. payment | /mo

9,343 Sqft Lot

Save
$ 2,350,000
Est. payment | /mo
Save

9,343 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82048178

HOA Y/N No

Year Built 1898

Annual Tax Amount $36,972

Lot Size 9,343 Sqft

Property Description

AVAILABLE INDIVIDUALLY OR AS A PORTFOLIO. Two (2) Charming Victorian-style apartments located on adjacent parcels located in Alamedas highly sought after Bronze Coast neighborhood. Excellent opportunity for value-add investors. Each property boasts five (5) units each: 925 CHESTNUT ST - (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) 2BR/1BA owners unit delivered vacant & 931 CHESTNUT ST (2) Studio, (2) 1BR/1BA, and (1) 2x1 unit. The owners unit at 925 Chestnut is currently vacant, allowing for immediate lease up at market rents. The portfolio delivers a 6.82% CAP RATE upon immediate lease-up of four (4) vacant units. Additional income potential exists through garage and tandem parking, and implementation of shared laundry for units currently without in-unit washer/dryers. Extensive renovations across some units at 925 & 931 Chestnut include full interior upgrades, new LVP flooring, interior paint, kitchen countertops and cabinetry. 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, Fireplace(s)

Cooling None

Fireplace No

Exterior

Carport Spaces 3

Utilities Available Other

Roof Type Shingle

Building

Water Public

Schools

School District Alameda City Unified

Others

Tax ID 0710269004000

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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Chestnut ST

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