REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Rachel Ivers • Compass
$ 1,000,000
Est. payment /mo
New
931 Chestnut Street Alameda, CA 94501
3,491 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,491 sqft
Price per Sqft $286
MLS Listing ID ML82048184
HOA Y/N No
Year Built 1904
Lot Size 3,944 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Electric
Cooling None
Flooring Hardwood, Laminate
Fireplace No
Building
Water Public
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.