925 & 931 Chestnut ST, Alameda, CA 94501
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925 & 931 Chestnut ST, Alameda, CA 94501
925 & 931 Chestnut ST, Alameda, CA 94501
925 & 931 Chestnut ST, Alameda, CA 94501
925 & 931 Chestnut ST, Alameda, CA 94501
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Luis Vasquez

Luis Vasquez

+1(650) 200-8722
Listed by Rachel Ivers, DRE #02106194 • Compass
$ 2,350,000
Est. payment /mo
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Open Fri 11AM-1PM

925 & 931 Chestnut ST Alameda, CA 94501

4 Beds

5 Baths

7,715 SqFt

Open House

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

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,715 sqft

Price per Sqft $304

MLS Listing ID ML82048178

Bedrooms 4

Full Baths 5

Year Built 1898

Lot Size 9,344 Sqft

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 after 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, subpanels, and replacement on knob-and-tube wiring at 931 Chestnut. 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 Attached Garage, Carport , Off-Site Parking

Utilities Available Other

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 071-0269-004-000

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.
Luis Vasquez

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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925 & 931 Chestnut ST