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

Patricia Beattie

patricia@brivio.com +1(415) 286-8292

Listed by Rachel Ivers • Compass, DRE#02106194

$1,000,000

Est. payment - /mo

3 Beds

5 Baths

3,491 SqFt

Save

UPDATED:

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

Read Less Info

Get More Information

Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

Quick Search

931 Chestnut ST Alameda, CA 94501

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Get More Information