931 Chestnut Street, Alameda, CA 94501
List Price: $1M
Listing Status: Pending
0Close Date: 2026-07-08
Days on Market: 31
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1904
Lot Size: 3,944 sq ft
Annual Property Tax: $16,190
MLS Number: ML82048184
About This Property
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.
Listing provided by: Rachel Ivers DRE #02106194 (415) 660-9955 rachel.ivers@compass.com, Compass
Source: CRMLS, MLS #: ML82048184
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