931 Chestnut St, Alameda, CA 94501

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$1,000,000

bedrooms

bathrooms

square feet

3,491

Acreage

Open Houses

year built

1904

Full Baths

Half Baths

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Charming Victorian-style apartment property located in Alamedas highly sought-after Bronze Coast neighborhood. Excellent opportunity for value-add investors. The property features a diverse unit mix consisting of (2) studio units, (2) 1BR/1BA units, and (1) 2BR/1BA unit, allowing for immediate lease-up at market rents. The property offers a projected 6.70% cap rate upon occupancy of the vacant units. Unit E was recently renovated from a studio into a true 1BR/1BA unit. Additional income potential exists through garage and off-street parking, as well as implementation of shared laundry for units currently without in-unit washer/dryers. Recent capital improvements and interior upgrades include new LVP flooring and interior paint in Units C and D, along with updates to common areas. Major electrical improvements include brand-new main panels, subpanels, and replacement of existing knob-and-tube wiring. Sewer lateral inspection has also been completed.

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Open houses

None scheduled.

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MLS number: -

Listing agent: Rachel Ivers

Listing broker: Compass

Last update: Friday, May 22 2026 at 1:25 p.m. EDT

Compass Broker