MLS#ML82048186
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLAlameda City Unified
Listing Courtesy of:
Compass
Agency Phone: (415) 660-9955
Associate Name: Rachel Ivers
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Keiana Gunn
Property Description
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 Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric, Fireplace(s)
Lot Size: 0.12 Acres
Roof Type: Shingle
Taxes: $20,782
Year Built: 1898
Feature Descriptions
Days on Site: 2
Parcel#: 0710269004
Utilities: Other
Water: Public
Local Schools
School District: Alameda City Unified
Listed By / Shown By
Listed By
Agency Name: Compass
Agent Name: Rachel Ivers
Agency Phone: (415) 660-9955
Shown By
Agent Name: Keiana Gunn
Agent Phone: (805) 439-2547 ext. 14
Agency Title: Farrell Smyth, Inc.
Keiana Gunn
Office: (805) 439-2547 ext. 14
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925 Chestnut Street | MLS# ML82048186
This commercial property located at 925 Chestnut Street, Alameda, CA 94501 is currently listed for sale with an asking price of $1,350,000. Chestnut Street is located within the Alameda City Unified school district. Search Alameda real estate on annettemullen.farrellsmyth.com today.