CBRE, Inc. is pleased to offer 1951 Chestnut Street, a 36-unit value-add apartment building conveniently located in Northwest Berkeley. This vintage asset features 36 studio apartment units 18 of which 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, updated kitchens with stainless steel appliances, quartz countertops, and dishwashers, updated 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 has been replaced, common areas have new light fixtures and new carpet, a new automatic security gate has been installed, new automatic garage doors have been installed and the entire exterior has recently been repainted.
- Asking Price $9,888,000
- Year Built 1927
- Sqft 17,555
- Units 36
