1951 Chestnut Street

Berkeley, CA 94702 View Map $9,688,000 Schedule a Tour
Sq.Ft.7,550
Year1927
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Status: Active
Property Type:Midrise (4-6 Flrs)
MLS #:40910438
Sq. Feet:7,550
On Site:14 Days
Lot Size:0.17 Acres
County:Alameda
1951 Chestnut St is a 36-unit property, centrally located in NW Berkeley. the property features 36 studio units. 18 units have been gutted and have undergone high-end renovations completed with permits by the current ownership. These updated renovations include an open floor-plan, updated electrical and plumbing, updated kitchens with stainless steel appliances, quartz countertops, and dishwashers, updated bathrooms, new hardwood floors, in-unit washer/dryers, new gas wall furnaces, crown molding and new dual-pane windows. In addition, the building has undergone a seismic retrofit, the roof has been replaced, common areas have new light fixtures and new carpet, a new automatic security gate has been installed, new automatic garage doors have been installed and the entire exterior has recently been painted.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:1951 Chestnut Street Berkeley, CA 94702
County:Alameda
Zip Code:94702

Architecture

Year Built:1927
Exterior: Dual Pane Windows, Stucco, Wood Frame, Siding - Stucco

Features / Amenities

Total Sq. Ft.:7550
Equipment: Dryer, Fire Sprinklers, Garage Door Opener, Washer, Water Heater Gas
Flooring: Hardwood Floors, Hardwood Flrs Throughout, Tile
Laundry: Dryer, Inside Unit, Washer
Additional Features: Extra Storage
Heating: Gas, Steam, Wall Furnace

Property Features

Lot Size: 0.17 Acres / 7550 Sq. Ft.
Exterior: Dual Pane Windows, Stucco, Wood Frame, Siding - Stucco
Water/Sewer: Sewer System - Public, Water - Public
Directions:Corner of Chestnut & Berkeley

Tax and Financial Info

Tenant Pays: Electric, Gas, Parking, Water
Annual Total Oper Expense: $284,561
Annual Gross Scheduled Income: $716,677
Net Operating Income: $432,116
Cap Rate: 4.46
Gross Rent Multiplier: 14.02

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1951 Chestnut Street Berkeley, CA 94702
GO SEE THIS LISTING
1951 Chestnut Street Berkeley, CA 94702
 
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Listing Information Last Updated 7/13/2020
Listing provided courtesy of Keith Manson, Cbre.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Bay Area Modern Real Estate are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
Property Summary:
Home for sale at .

Description: The property at 1951 Chestnut Street Berkeley, CA 94702 with the MLS# 40910438 is currently listed for $9,688,000 and has been on the Berkeley market for 13 days.

GeoCoordinates:
-122.2876739
37.8703256

List Price: $9,688,000

You are viewing the details of the real estate listing from the East Area MLS at 1951 Chestnut Street Berkeley, CA 94702, which features 0 bedrooms and 0 bathrooms, and has approximately 7550 sq.ft. of living area.