1108 Chestnut St

6 Unit Apartment Building $1,125,000 ($187,500/Unit) 6.84% Cap Rate Oakland, CA 94607

INVESTMENT HIGHLIGHTS

  • Two-story multifamily residential building with six studio units
  • Water, Electric, Gas are separately metered
  • Brand-new roof was installed January 2025. 10-year labor and material warranty
  • Large gated parking lot for secure and ample parking

EXECUTIVE SUMMARY

1108 Chestnut Street in Oakland, California, is a two-story multifamily residential building originally constructed in 1965. The property comprises six studio units, all of which are well-maintained and in good condition. In January 2025, a brand-new roof was installed, accompanied by a 10-year labor and material warranty, ensuring durability and minimizing future maintenance concerns.
A standout feature of the property is the large gated parking lot, offering secure and ample parking for tenants and guests. The building spans approximately 2,320 square feet and sits on a 6,498 square-foot lot. Its convenient location provides easy access to public transportation, including BART, downtown Oakland, and highways 880 and 980. This property exemplifies accessible, secure, and comfortable urban living.
A standout feature of the property is the large gated parking lot, offering secure and ample parking for tenants and guests. The building spans approximately 2,320 square feet and sits on a 6,498 square-foot lot. Its convenient location provides easy access to public transportation, including BART, downtown Oakland, and highways 880 and 980. This property is a prime example of accessible, secure, and comfortable urban living.

PROPERTY FACTS

Price $1,125,000
Price Per Unit $187,500
Sale Type Investment
Cap Rate 6.84%
Gross Rent Multiplier 10
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.15 AC
Building Size 12,310 SF
Average Occupancy 100%
No. Stories 2
Year Built 1965
Parking Ratio 2.59/1,000 SF
Opportunity Zone Yes

UNIT AMENITIES

  • Air Conditioning
  • Microwave
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Fenced Lot
  • Gated
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (98)

PROPERTY TAXES

  • Listing ID: 34650239

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 1108 Chestnut St, Oakland, CA 94607