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1220 Chestnut St, Alameda, California 94501, Alameda, - bed, bath

home-pic
ACTIVE$1,388,000
1220 Chestnut St, Alameda, California 94501
0Bed
0Bath
Sqft
3,500Lot
Year Built
1918
Close
-
List price
$1.39M
Original List price
$1.39M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
41107987
Home ConditionFair
Features
View-

About this home

Unit A pictured only. Charming Alameda Triplex, a well-maintained and upgraded rental property in the heart of central Alameda. Offering 3115 sq.ft. of living space on a 3,500 sq.ft. lot, this versatile property includes three separately metered units. Unit A (vacant): A spacious 3-bedroom, 1-bath main-level flat with living space below adding 3 more rooms and 2 full bathrooms, ideal for extended living, guest quarters, office, or storage. Rented Unit B and C each has 1 Bedroom with 1 bath and a bonus attic room. Combined current rent for Units B & C is $2,950/month, with upside potential in leasing large Unit A. Below Unit A are 3 rooms and 2 full bathrooms and connected to Unit A with internal stairs, also separate backyard entries. Upgrades include a concrete foundation, modern plumbing, and updated electrical, dual-pane windows. Each unit has separate gas and electric meters, plus dedicated house meters for owner’s common-area use. Building has a driveway to a detached garage which is used for owner storage and houses coin-operated laundry for tenant use. Easy street parking for tenants. Ultra-convenient location just steps from Chestnut-Encinal Market, and the beloved Blue Dot Café. Minutes to downtown Park Street, Alameda Landing, parks, transit, ferry.

Nearby schools

6/10
Henry Haight Elementary School
Public,•K-5•0.2mi
8/10
Franklin Elementary School
Public,•K-5•0.5mi
9/10
Donald D. Lum Elementary School
Public,•4-5•0.6mi
5/10
William G. Paden Elementary School
Public,•K-5•1.7mi
5/10
Will C. Wood Middle School
Public,•6-8•0.6mi
9/10
Alameda High School
Public,•9-12•0.4mi
7/10
Encinal Junior/Senior High
Public,•6-12•2.0mi

Price History

Date
Event
Price
08/18/25
Listing
$1,388,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (14 Listings)
Beds00
Baths00
Square foot00
Lot Size3,5004,644
20%
Price$1.39M$1.3M
80%
Price per square foot$0$0
Built year19181918
50%
HOA
Days on market79145
33%
Condition Rating
Fair
The property, built in 1918, benefits from significant functional upgrades such as a concrete foundation, modern plumbing, updated electrical, and dual-pane windows, which are excellent for its age. The interior is freshly painted and features durable wood-look tile flooring. However, the kitchens and bathrooms, while clean and functional, are aesthetically dated. The main kitchen has original-style oak cabinets, tile countertops, and older appliances. The bathrooms consistently feature basic white tile and simple vanities, suggesting renovations that occurred 15-30 years ago rather than more recently. Heating is provided by wall-mounted units, not central HVAC. While well-maintained and move-in ready, the outdated styles in key areas prevent it from achieving a 'Good' rating, aligning it with the 'Fair' category where minor aesthetic updates are required to meet current standards.
Pros & Cons

Pros

Strong Income Potential: As a triplex with a large Unit A currently vacant, there is significant upside potential to increase rental income, especially given the current combined rent for Units B & C at $2,950/month, which may be below market rate for Alameda.
Extensive Modern Upgrades: The property has undergone substantial capital improvements, including a concrete foundation, modern plumbing, updated electrical systems, and dual-pane windows, which significantly reduce immediate maintenance concerns for a new owner.
Prime Central Alameda Location: Situated in the heart of central Alameda, the property boasts an ultra-convenient location, steps from local markets and cafes, and minutes from downtown Park Street, Alameda Landing, parks, transit, and ferry, appealing to a wide range of tenants.
Flexible Unit A Configuration: Unit A offers a spacious 3-bedroom, 1-bath main-level flat with additional living space below (3 rooms, 2 baths) connected internally and with separate backyard entries, providing versatility for extended living, guest quarters, or a home office.
Operational Efficiency: Each unit is separately metered for gas and electricity, simplifying utility management for the owner, and the property includes coin-operated laundry for tenant use, adding an amenity and potential minor income stream.

Cons

Limited Outdoor Space: With 3115 sq.ft. of living space on a 3,500 sq.ft. lot, the property offers minimal private outdoor area, which could be a drawback for tenants seeking a yard or more exterior space.
Reliance on Street Parking: The detached garage is designated for owner storage and laundry, meaning tenants primarily depend on street parking, which can be competitive and inconvenient in a central urban location.
Age of Structure: Despite significant upgrades, the building's 1918 construction year means it is over a century old, which, while charming, could still present unforeseen maintenance issues or limitations inherent to older properties.

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