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1951 Chestnut St, BERKELEY, 94702

$10,000,000

  • 17,555 sqft
  • Commercial /Apt Complex
1951 CHESTNUT ST, BERKELEY, CA for sale.
1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
                                  1951 CHESTNUT ST, BERKELEY, CA for sale.
Courtesy of CBRE
1951 Chestnut Street is a vintage asset featuring 36 studio units. 16 of the 36 units have been gutted and have undergone high-end renovations completed with permits by the current ownership. These unit renovations include an open floor-plan, updated electrical and plumbing, new kitchens with stainless steel appliances, quartz countertops, and dishwashers, new bathrooms, new hardwood floors, in-unit washer/dryers, new wall furnaces, crown molding and new dual-pane windows. In addition, the building has undergone a seismic retrofit, the roof was replaced, common areas have new light fixtures and new carpet, a new automatic security gate was installed and the entire exterior has recently been painted. While there have been significant upgrades completed at the property, there is still a tremendous amount of opportunity to create value and increase rental income as more than 55% of the units are in original condition and are currently rented out significantly below market rate.
Last updated on 10/17/2018
Courtesy of CBRE

More Details for 1951 Chestnut St

Property Class: Comm Ri Multi-Units 5+
Listing Status: Active
City: BERKELEY
State: CA
Zip: 94702
Area: Berkeley Map Area 4 - 2304
County: Alameda
Class: Commercial
Property Subtype: Apt Complex
Approx Lot Size: 0.170
Living Area (SqFt): 17,555 sqft
Age: 91
Listing#: 40833675
Special Info: None
List Date: 8/8/2018
HOA Fee:

Features for 1951 Chestnut St

Addtl Features Misc.: Wired For Cable TV, Extra Storage, Other
Equipment Additional: Dryer, Fire Alarm System, Fire Sprinklers, Intercom, Washer, Water Heater Gas, Other
Exterior: Dual Pane Windows, Stucco, Wood Frame, Other, Siding - Stucco, Wood
Lot Description: Corner, Level, Regular, Other
Roof: Rolled Composition, Other
All Units Have: Oven Range Free Standing, Refrigerator, Other
Cooling: None
Financial Data Source: Owner, Other
Heating: Gas, Individual Rm Controls, Steam, Wall Furnace
Tenant Pays: Electric, Gas, Parking, Trash, Water, Other
Basement: Partial, Storage Area, Other
Existing Loan: Other
Flooring: Hardwood Floors, Hardwood Flrs Throughout, Tile, Other
On-Site Parking Desc: Attached Garage, Covered Parking, Enclosed Garage, Garage Parking, Security Garage, Spaces - Assigned
Water/Sewer: Sewer System - Public, Water - Public

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Based on information from the Bay East MLS or CCAR MLS or EBRD MLS as of 10/17/2018 12:21:03 PM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright Bay East 2016. Copyright CCAR 2016. Copyright EBRD 2016.
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