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931 Chestnut St
Alameda, CA 94501 South Shore

$2,350,000 USD

Multifamily For Sale • 4,224 SF

Property Details

Property Type Multifamily
Total Building Size 7,715 SF
Lot Size 0.21 AC
Year Built 1905
Cap Rate 6.82 %
Zoning R-4

40 Transit Score

60 Walk Score

                
                    Highlights
                
                                OWNER USER OR INVESTMENT FLEXIBILITY: Large owner’s unit at 925 Chestnut allows for owner occupancy or operation as a fully leased investment property
                            
                                DIVERSE 10 UNIT MIX ACROSS TWO PROPERTIES: Portfolio includes (10) units across two adjacent properties ranging in Studios, 1-BR, and 2-BR units.
                            
                                VALUE-ADD & ANCILLARY INCOME OPPORTUNITY: Four vacant units provide immediate lease up upside with additional potential ancillary income streams.
                            
                                NEWLY CONVERTED TRUE 1 BEDROOM UNIT AT 931 CHESTNUT: Recently reconfigured studio conversion to true 1-BR/1-BA unit.
                            
                                NEW CAPITAL IMPROVEMENTS AND INTERIOR UPGRADES: New LVP flooring, fresh paint, new electrical systems and knob-and-tube replacement.
                            
                                PRIME BRONZE COAST LOCATION: Close to Park Street retail, Alameda Beach, top rated schools, and public transit.

Property Flyers

925-931Chestnut_OM_LR

Financial Summary (Actual)

Net Operating Income: $160,318 USD (2025)

Cap Rate:	6.82 %
Total Expenses:	$94,305 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Oakland (Capitol Corridor - Amtrak, Coast Starlight - Amtrak, San Joaquins - Amtrak)	8 min	-	3.6 mi
Emeryville (Capitol Corridor - Capitol Corridor Joint Powers Authority)	16 min	-	8.4 mi
Airport	Drive	Walk	Distance
Metro Oakland International	10 min	-	4.6 mi
San Francisco International	42 min	-	26.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	1
Type:	CoveredTandem
Included in Rent:	Yes

Rachel Ivers 650-576-8294 Compass Commercial

931 Chestnut St Alameda, CA 94501 South Shore