36
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$1,000,000
Est. payment /mo
3,942 Sqft Lot
New
931 Chestnut ST Alameda, CA 94501
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Key Details
Property Type Commercial
Listing Status Active
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
Listed by Rachel Ivers Compass #02106194
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