• 0 / 0
  • 11
  • 10000000
  • 1927
  • 1
  • 7,550
Active Status Apt Complex
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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.

Address: 1951 Chestnut St
State: CA
City: Berkeley
County: Alameda
Zip Code: 94702
MLS#: 40833675
MLS Area: Berkeley Map Area 2

Interior Details

  • Appliances:Dryer, Fire Alarm System, Fire Sprinklers, Intercom, Washer, Water Heater Gas, Other
  • Features:
  • Furnished:
  • Floor Type:Hardwood Floors, Hardwood Flrs Throughout, Tile, Other
  • Cooling:None
  • Heating:Gas, Individual Rm Controls, Steam, Wall Furnace
  • Basement Details:Partial,Storage Area,Other
  • Other Rooms:

Exterior Details

  • Home Construction
  • Features:
  • Exposure:
  • Roof Type:Rolled Composition
    Other
  • Garage Spaces:
  • Pool:No
  • Utilities:
  • Lot Description:
  • Parking:Attached Garage,Covered Parking,Enclosed Garage,Garage Parking,Security Garage,Spaces - Assigned
  • Sewer:Sewer System - Public,Water - Public

Community Details

  • Misc:Wired For Cable TV,Extra Storage,Other

Rental Information

  • Rental Income:$0
  • Rental Number:0
  • Directions:Chestnut St & Berkeley Wy
Property Information Last Updated: 8/20/2018 9:01:44 AM
Property Listed By CBRE



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