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Commercial Property — 925 Chestnut Street, Alameda, CA

$1,350,000

925 Chestnut Street, Alameda, CA

$1,350,000 — 925 Chestnut Street, Alameda, CA — photo 1 $1,350,000 — 925 Chestnut Street, Alameda, CA — photo 2 $1,350,000 — 925 Chestnut Street, Alameda, CA — photo 3 $1,350,000 — 925 Chestnut Street, Alameda, CA — photo 4 $1,350,000 — 925 Chestnut Street, Alameda, CA — photo 5
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About this property

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.

Property details

Square feet
3,275
Year built
1898
Property type
CommercialSale

Location

925 Chestnut Street • Alameda, CA 94501

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Listed by

Rachel Ivers · Compass

Listing courtesy of Compass. Information deemed reliable but not guaranteed.

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