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Six-Unit Residential Apartment Building
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3321 Chestnut Street, Oakland, CA 94608

Six separately metered units include two 2-bedroom apartments, three 1-bedroom apartments, and one studio.

Property Size2,893 SF
Lot Size0.09 Acres
Days on Market125

Property Features for 3321 Chestnut Street

General Information

Standard status Active
Size 2,893 SF
Lot size 0.09 Acres
Property subtype Multifamily

Additional Details

Cap Rate 7.48%
Multifamily Units 6

Building Details

Tenancy Multi
Listing Agency: The Pinza Group Inc
Listed By: Steven Pinza · License #01867691
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 6:50PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Pinza Group Inc

Investment Insights

Based on property information with market context.

3321 Chestnut Street is a six-unit residential apartment building offering a mix of two 2-bedroom/1-bath units, three 1-bedroom/1-bath units, and one studio. The property provides approximately 2,893 rentable square feet and sits on a 3,780 square foot lot. Units are described as fully remodeled, and each unit is separately metered for PG&E.

The exterior features fresh paint, landscaping, and a private perimeter gate.

Separately metered utilities can support straightforward resident billing and help with operating expense management.

Key Highlights

  • 6 residential apartment units with 2,893 rentable SF on a 3,780 SF lot
  • Unit mix includes two 2BD/1BA, three 1BD/1BA, and one studio
  • In‑place cap rate of 7.48%

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Electrical Service Travel Agency Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,844
Businesses Nearby

Demographics for 94608, CA

33,073
Population
17,956
Households
1.8
Avg Household Size
36
Median Age
64%
College-Educated
94%
High-School Grad
2.8 sq mi
ZIP Area
11,812
Density / Sq Mi
$116,306
Median Household Income
$73,845
Median Earnings
$2,561
Median Rent
$826,900
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six separately metered units include two 2-bedroom apartments, three 1-bedroom apartments, and one studio.
Where is this apartment building located?
The property is located at 3321 Chestnut Street Oakland, CA.
What are key features of this property?
This property features: 6 residential apartment units with 2,893 rentable SF on a 3,780 SF lot; Unit mix includes two 2BD/1BA, three 1BD/1BA, and one studio; In‑place cap rate of 7.48%
(510) 725-4775 Call to check price and availability
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