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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Scott D. Comstock

Scott D. Comstock

+1(559) 681-9500
Listed by Rachel Ivers • Compass, DRE#02106194
$ 1,000,000
Est. payment | /mo

3 Beds

5 Baths

3,491 SqFt

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

3 Beds

5 Baths

3,491 SqFt

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,491 sqft

Price per Sqft $286

MLS Listing ID ML82048184

Bedrooms 3

Full Baths 5

Year Built 1904

Lot Size 3,944 Sqft

Property Sub-Type Five or More Units

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 Alameda Map Area 2

Zoning R-4

Interior

Heating Electric

Cooling None

Flooring Carpet, Hardwood, Laminate, Vinyl / Linoleum

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Utilities Available Natural Gas

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 071-0269-003

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

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Scott D. Comstock

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

+1(559) 681-9500

scott@homesandwealth.com

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931 Chestnut ST