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Multifamily

3321 Chestnut St

3321 Chestnut St, Oakland, CA 94608

Listing Price: $1,250,000

Cap Rate
6.01%
Number of Units
6
GRM
10.53
Price/Unit
$208,333
Price/Gross SF
$432.08
Gross SF
2,893

Investment Overview

3321 Chestnut St is an exceptional 6-unit apartment complex located in the thriving city of Oakland, California.

Situated on a 3,780 square foot parcel of land, the subject property was originally constructed in 1905 and has a gross building area of approximately 2,893 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans.

The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California.

The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 3321 Chestnut St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Desirable Unit Mix - The subject property offers a desirable unit mix consisting of beautifully designed two-bedroom, one-bedroom, and studio floor plans.
  • Excellent Transportation Corridors - The subject property offers residents easy access to Interstate 80, Interstate 880, Interstate 580 and the San Francisco - Oakland Bay Bridge.
  • Prime East Bay Location - 3321 Chestnut St is conveniently situated just 1 block south of Emeryville, and is also within close proximity to Downtown Oakland (2.0 mi), which offers a myriad of dining, shopping, and entertainment options.

Exclusively Listed By

Multifamily

3321 Chestnut St

Listing Price: $1,250,000

Cap Rate
6.01%
Number of Units
6
GRM
10.53
Price/Unit
$208,333
Price/Gross SF
$432.08
Gross SF
2,893

Investment Highlights

  • Exceptional Investment Opportunity - Investors have the opportunity to acquire a stunning multifamily asset in one of the most dynamic and desirable locations in the East Bay.
  • Desirable Unit Mix - The subject property offers a desirable unit mix consisting of beautifully designed two-bedroom, one-bedroom, and studio floor plans.
  • Excellent Transportation Corridors - The subject property offers residents easy access to Interstate 80, Interstate 880, Interstate 580 and the San Francisco - Oakland Bay Bridge.
  • Prime East Bay Location - 3321 Chestnut St is conveniently situated just 1 block south of Emeryville, and is also within close proximity to Downtown Oakland (2.0 mi), which offers a myriad of dining, shopping, and entertainment options.

Investment Overview

3321 Chestnut St is an exceptional 6-unit apartment complex located in the thriving city of Oakland, California. Situated on a 3,780 square foot parcel of land, the subject property was originally constructed in 1905 and has a gross building area of approximately 2,893 square feet, offering its tenants beautifully designed two-bedroom, one-bedroom, and studio floor plans. The city of Oakland is the eighth-largest city by population in California, and the county seat of Alameda County. It is the largest city within the East Bay and has a large concentration of tech, healthcare, and banking companies around the area including Kaiser Permanente, Sutter Health, Pandora, Wells Fargo as well as many others. Oakland offers convenient access to several transportation corridors including the San Francisco - Oakland Bay Bridge, Interstate 880 and several nearby BART stations to easily reach anywhere within the Bay Area. Oakland also serves as the trade center for the entire Bay Area with the Port of Oakland being the busiest port in all of Northern California. The investment appeal of this asset is driven by Oakland’s strong employment fundamentals and low vacancy levels. With a world-class location in the heart of the East Bay, 3321 Chestnut St presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining and entertainment options.

Exclusively Listed By

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