Victorian Apartments in Alameda
925-931 Chestnut Street, Alameda, CA 94501
Two adjacent multifamily properties with value-add potential in Alameda.
Type:5+ Units / Five or More Units
Property size:
7,715 SFPrice / SF:
$304/SF- Added:
- May 16, 2026
- Days on Market:
- 13
- Last Refresh:
- May 27 at 7:21 am
Property Features for 925-931 Chestnut Street
General Information
- Standard status
- Active
- Size
- 7,715 SF
- Property subtype
- 5+ Units / Five or More Units
Building Details
- Year Built
- 1898
Listing agent Rachel Ivers License #02106194 (650) 576-8294
Listing office Compass (650) 576-8294
Listing date May 16, 2026
Source Compass
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 Compass
HighLights
- Portfolio of two Victorian‑style apartment buildings in Alameda's Bronze Coast.
- High 6.82% CAP RATE achievable upon lease‑up of vacant units.
- Significant value‑add opportunity through rent increases and amenity upgrades.
- Vacant owner's unit at 925 Chestnut allows for immediate market‑rate rental income.
- Recent renovations include interior upgrades, new flooring, and updated kitchens in select units.
- Major electrical improvements with new panels and knob‑and‑tube wiring replacement.
Overview
Two Victorian-style apartment buildings are available individually or as a portfolio, situated on adjacent parcels in Alameda's Bronze Coast neighborhood. The properties offer an opportunity for value-add investors. Each property contains five units. 925 Chestnut Street includes three 1-bedroom/1-bathroom units, one 1-bedroom/2-bathroom unit, and one 2-bedroom/1-bathroom owner's unit, which will be delivered vacant. 931 Chestnut Street features two studio apartments, two 1-bedroom/1-bathroom units, and one 2-bedroom/1-bathroom unit. The owner's unit at 925 Chestnut is currently vacant, allowing for immediate lease-up at market rents. The portfolio delivers a 6.82% CAP Rate upon immediate lease-up of four vacant units. Additional income potential exists through garage and tandem parking, and implementation of shared laundry for units currently without in-unit washer/dryers. Extensive renovations across some units at 925 & 931 Chestnut include full interior upgrades, new LVP flooring, interior paint, kitchen countertops and cabinetry. Major electrical improvements include brand new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed. The total property size is 7715 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Alameda
- County
- Alameda
- State
- California
- Longitude
- -122.2554349
- Latitude
- 37.7648237
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Two adjacent multifamily properties with value-add potential in Alameda.
Where is this apartment building located?
The property is located at 925-931 Chestnut Street Alameda, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Portfolio of two Victorian‑style apartment buildings in Alameda's Bronze Coast.; High 6.82% CAP RATE achievable upon lease‑up of vacant units.; Significant value‑add opportunity through rent increases and amenity upgrades.
