Description
This 2-story property is 2,400 square feet and sits on a 6,498 square feet lot with a total of 6 large units on a block with million dollar homes. The area has residential properties with high end homes. With 21% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. 1108 Chestnut Street is a unique opportunity for a new investor to acquire a small apartment complex in a strong Oakland location. The unit mix is composed of six studios of roughly 400 square feet. The property is set back from the street, has a security gate, and onsite laundry. The property has recently had significant exterior renovations including, but not limited to, fresh paint, replacement of siding, and new landscaping. The property sits one block from a nearby park and offers quick access to local highways and public transportation ports.
School Ratings & Info
Description
This 2-story property is 2,400 square feet and sits on a 6,498 square feet lot with a total of 6 large units on a block with million dollar homes. The area has residential properties with high end homes. With 21% upside in rents, this building allows the next owner to increase returns and leverage investment in the hot Oakland market. 1108 Chestnut Street is a unique opportunity for a new investor to acquire a small apartment complex in a strong Oakland location. The unit mix is composed of six studios of roughly 400 square feet. The property is set back from the street, has a security gate, and onsite laundry. The property has recently had significant exterior renovations including, but not limited to, fresh paint, replacement of siding, and new landscaping. The property sits one block from a nearby park and offers quick access to local highways and public transportation ports.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-30T00:31:05.86. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.