Multifamily Property with
New
For Sale
$1,497,000
1525 Chestnut St, Alameda, CA 94501
Laundry equipment and a gas water heater are among the property’s existing features.
Property Size4,896 SF
Days on Market4
Property Features for 1525 Chestnut St
General Information
Standard status
Active
Size
4,896 SF
Property subtype
Quadruplex
Building Details
Building Size
4,896 SF
Year Built
1939
Listing Agency:
Cerda-Zein Real Estate
Listed By:
Jose Cerda-Zein · License #01403669
(510) 523-5673
Source:
Coastandcore
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 8:27AM
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 Cerda-Zein Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 4,896-square-foot multifamily property was built in 1939. Interior features include a washer, dryer, and gas water heater, while the exterior is fenced.
Located at 1525 Chestnut St in Alameda, the property is in Alameda County.
Located at 1525 Chestnut St in Alameda, the property is in Alameda County.
Key Highlights
- 4,896 square feet
- Built in 1939
- Washer and dryer included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,924
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,480
$1.4M
Cap Rate 7%
$1,013,200
$1.0M
Cap Rate 9%
$788,044
$788.0K
Market Conditions
NOI Build-Up for 4,896 SF
Gross rent
$136.9K $27.96/SF
− Vacancy
−$7.9K −$1.62/SF
EGI
$129.0K $26.34/SF
− OpEx
−$58.0K −$11.85/SF
NOI
$70.9K $14.49/SF
Area
Alameda County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,418,480
Cap Rate 7%
$1,013,200
Cap Rate 9%
$788,044
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$886.6K – $1.18M
NOI $70,924 @ 7.0% cap · market cap 4.74%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$22.32M
$19.53M – $26.04M
NOI $1,562,443 @ 7.0% cap · market cap 104.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
1,975
Businesses Nearby
Explore this area
Business Placement
Demographics for 94501, CA
64,116
Population
27,117
Households
2.4
Avg Household Size
41
Median Age
58%
College-Educated
93%
High-School Grad
8.0 sq mi
ZIP Area
8,015
Density / Sq Mi
$119,500
Median Household Income
$75,514
Median Earnings
$2,362
Median Rent
$1,213,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Laundry equipment and a gas water heater are among the property’s existing features.
Where is this multifamily property located?
The property is located at 1525 Chestnut St Alameda, CA.
What is the asking price?
The asking price for this property is $1,497,000.
What are key features of this property?
This property features: 4,896 square feet; Built in 1939; Washer and dryer included
