MLS#ML82048184
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.
Agency Phone: 805-543-2172
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.
Property Features
Property Type: Commercial - Business
Cooling: None
Heating: Electric
Lot Size: 0.09 Acres
Roof Type: Shingle
Taxes: $16,190
Year Built: 1904
Feature Descriptions
Days on Site: 2
Parcel#: 0710269003
Utilities: Natural Gas Available
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
Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172
931 Chestnut Street | MLS# ML82048184
This commercial property located at 931 Chestnut Street, Alameda, CA 94501 is currently listed for sale with an asking price of $1,000,000. Chestnut Street is located within the Alameda City Unified school district. Search Alameda real estate on www.farrellsmyth.com today.