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.
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
1 of 1
Walk Score®
Very Walkable (81)
Transit Score®
Excellent Transit (75)
Bike Score®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 004-0015-024-00 | Improvements Assessment | $719,609 |
Land Assessment | $301,185 | Total Assessment | $1,020,794 |