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1951 Chestnut St

Berkeley, CA 94702
  • $10,000,000

    Price
  • 0

    Bed
  • 2

    Bath
  • 17,555

    SqFt

About the Listing 38734 - 158241

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.

Listing Highlights for 1951 Chestnut St

Status Active
Days on Site 13
Property Type Commercial Sale
MLS ® 40833675
Year Built 1927
Total Square Footage 17,555
Lot/Acreage 0.17

Interior Details

  • Bedrooms: 0
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating: Gas,Individual Rm Controls,Steam,Wall Furnace
  • Fireplaces:
  • Floor: Hardwood Floors,Hardwood Flrs Throughout,Tile
  • Basement: Partial,Storage Area
  • Other: Dryer,Fire Alarm System,Fire Sprinklers,Intercom,Washer,Water Heater Gas
  • Water:

Exterior Details

  • Lot Description: Corner,Level,Regular
  • Garage Capacity: N/A
  • Roof: Rolled Composition, Other
  • Others: Dual Pane Windows,Stucco,Wood Frame,Siding - Stucco,Wood,Wired For Cable TV,Extra Storage
  • Sewer: Sewer System - Public, Water - Public
  • Above Ground Sq Ft:
  • Below Ground Sq Ft:

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: N/A

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1951 Chestnut St Berkeley, CA 94702

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Listing Courtesy of Zachary Greenwood, CBRE

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