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

Alessandra Imanabadi

alessandra@123nationwide.com +1(510) 504-2528

Listed by Rachel Ivers • Compass, DRE#02106194

$1,350,000

Est. payment - /mo

5 Beds

5 Baths

3,275 SqFt

Save

Open House

Fri May 29, 11:00am - 1:00pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 3,275 sqft

Price per Sqft $412

MLS Listing ID ML82048186

Bedrooms 5

Full Baths 5

Year Built 1898

Lot Size 5,400 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 investors, owner-occupants, multigenerational families, or buyers seeking additional space for home offices, guest accommodations, or supplemental income opportunities. The property features a diverse unit mix consisting of (3) 1BR/1BA units, (1) 1BR/2BA unit, and (1) 2BR/1BA owners unit delivered vacant, allowing for immediate lease up at market rents. The property delivers a 6.91% CAP RATE upon occupancy of 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.

Location

State CA

County Alameda

Area Alameda Map Area 2

Zoning R-4

Interior

Heating Electric, Fireplace , Gas

Cooling None

Flooring Carpet, Hardwood, Laminate, Tile

Laundry Washer/Dryer - Some Units

Exterior

Parking Features Carport , Off-Site Parking

Utilities Available Other

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 071-0269-004

Security Features Controlled / Secured Access

Special Listing Condition Not Applicable

Read Less Info

QUICK SEARCH

925 Chestnut ST Alameda, CA 94501