3321 Chestnut Street

Oakland, CA 94608

$1,250,000
Price
Beds
2,893 Sq. Ft.
$432 / Sq. Ft.
2,893
Sq. Ft.
$432
per Sq. Ft.

Description

3321 Chestnut Street is an exceptional 6-unit apartment perfectly located less than 1 block from Emeryville in the heart of the East Bay. This asset offers it's residents beautifully designed two-bedroom, one-bedroom and studio floor plans. The property has recently gone through extensive capital improvements including all new dual pane windows, updated kitchens and bathrooms, LVT flooring, and high end exterior finishes. The property is priced to sell at north of a 6.00% CAP on current rents.3321 Chestnut Street is an exceptional 6-unit apartment perfectly located less than 1 block from Emeryville in the heart of the East Bay. This asset offers it's residents beautifully designed two-bedroom, one-bedroom and studio floor plans. The property has recently gone through extensive capital improvements including all new dual pane windows, updated kitchens and bathrooms, LVT flooring, and high end exterior finishes. The property is priced to sell at north of a 6.00% CAP on current rents.
  1. Listed by Eymon Binesh • DRE #02060059 • Brokerage DRE #01240999 • Marcus & Millichap • 650-546-1030

Property Details for 3321 Chestnut Street

MLS City Name
OAKLAND
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute
LISTING UPDATED: 04/26/2024 02:14 PM

Property Details for 3321 Chestnut Street

StatusActive
MLS #ML81962424
Days on Compass13
Taxes$22,391 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1905
Lot Size0.09 AC / 3,780 SF
CountyAlameda County

Location

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059
Add your commute

Building Information for 3321 Chestnut Street

Stories-Residences-Year Built1905Building Size-Lot Size0.09 AC / 3,780 SF

Payment Calculator

$8,688 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,822

Property Taxes

$1,866

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3321 Chestnut Street

Features
Features
  • Fireplace: No
  • Living SqFt: 2893
  • Pool: No
  • Security Features: Security Fence, Security Gate with Guard, Window Bars
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: None
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Oakland Zip Code 94608
  • Restrictions: None
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 3321
  • Street Name: Chestnut
  • Street Suffix: Street
  • Area ID: 2608
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 2893
  • Structure SqFt Source: Other
  • Age: 119
Development Information
  • Zoning Detail: C
Location Information
  • Parcel Number: 547210
  • County Name: Alameda
  • City Name: OAKLAND
  • City Postal ID: 131
  • Postal Code: 94608
  • Elementary School District: 1686
  • High School District Text: Oakland Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $22,391
  • Capitalization Rate: 6.01
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,340
  • Expense Landscape: $1,800
  • Expense Maintenance: $3,000
  • Expense Management: $0
  • Expense Trash: $2,400
  • Expenses Other: $1,506
  • Expenses Utility: $6,000
  • Expenses Total: $41,437
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Services - Trash Removal, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 10.40
  • Income Annual Gross: $118,707
  • Income Annual Rental: $118,707
  • Income Gross Scheduled: $118,707
  • Income Other: $1,440
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Rent: $1,135
Unit 2 Information
  • Unit 2 Approx Square Footage: 500
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,737
Unit 3 Information
  • Unit 3 Approx Square Footage: 675
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,560
Unit Type 1
  • Unit Type1 Approx SqFt: 450

Property History for 3321 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3321 Chestnut Street

Taxable ValueLand$306,000Additions$811,920Total$1,117,920
Tax Record2023$20,579 ($1,715 / month)
Home Facts
Total Finished SqFt2,893 SqFtAbove Grade Finished SqFt2,893 SqFtStories2Lot Size3,780 SqFtStyleMulti-Family Res (5+ Units)Year Built1905CountyALAMEDAAPN5-472-10

Schools near 3321 Chestnut Street

This home is within Oakland Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Hoover Elementary School
PublicK to 5

West Oakland Middle School
Public6 to 8

Mcclymonds High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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3321 Chestnut Street is a multi-family home for sale in Oakland, CA 94608. This property was listed for sale on April 22, 2024 by Marcus & Millichap, it's currently listed at $1,250,000. It has been on the market for a total of 13 days and was last sold on October 25, 2021. This listing's school district is Oakland Unified School District. Nearby schools include Hoover Elementary School, West Oakland Middle School and Mcclymonds High School. 3321 Chestnut Street is a 0-bed, 0-bath, 2,893 sqft multi-family home built in 1905.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Eymon Binesh, DRE #02060059

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.