SOLD — Commercial Sale — 931 Chestnut Street, Alameda, CA

About this property

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.

Property details

Location

931 Chestnut Street • Alameda, CA 94501

More homes for sale and rent in Alameda, CA →

Listed by

Rachel Ivers · Compass

Nearby listings in Alameda, CA

• 1203 Benton St, Alameda, CA · $2,100,000
• 167 Purcell Dr, Alameda, CA · $1,095,000
• 1333 Webster St A107, Alameda, CA · $398,000
• 1820 3rd St, Alameda, CA · $1,497,000
• 1000 Central Ave., Alameda, CA · $2,580,988
• 2180 Barnes Wharf Lane, Alameda, CA · $1,174,900
• 2053 Clement Avenue, Alameda, CA · $999,900
• 1808 Main street, Alameda, CA · $449,000
• 1726 Eagle Ave, Alameda, CA · $999,000
• 1925 Grand Street, Alameda, CA · $1,149,900
• 489 Diller Street, Alameda, CA · $979,000
• 965 SHOREPOINT CT #200, Alameda, CA · $429,000

See all homes in Alameda, CA