Chestnut

Alameda, CA, 94501
Pending $1,000,000
  • 3,491sqft
  • 3,944sf lot
Listing agents:
Rachel Ivers
Compass
Matthew Thomson
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.

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Chestnut is a Residential Income Five Or More Units property located in Alameda, California, featuring a 3,944 sqft lot, 3,491 sqft, MLS #ML82048184.
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Data last modified: 2026-06-21 14:19:16