About this home

Four generously sized one-bedroom apartments. Strong rental income. Classic Mediterranean style. Built in 1939, 1525 Chestnut makes a strong first impression with its tile roof, arched entry, and landscaped front lawn. Inside, four generously sized one-bedroom apartments offer formal dining rooms, plenty of closet space, and random-plank hardwood floors. Spacious rooms and period details give each home character and warmth. The property generates strong rental income. With one unit vacant, you can welcome a new resident or explore owner-occupancy while the other three units continue producing income. It's an opportunity to grow your portfolio or make Alameda home with rental income already in place. The added bonuses: four garages, separate utility meters, on-site coin-operated laundry, and basement storage. The courtyard provides outdoor space for residents to enjoy. Location, location, location. Park Street is a short walk away, putting neighborhood restaurants, shopping, and everyday stops close to home. Alameda's shoreline offers another reason to enjoy island living. Nearby bus lines and access to ferry service, BART, major commuter routes, and Oakland International Airport keep the rest of the Bay Area within reach. Generous living space. Strong income. Four doors in a place people love to call home.

Facts and features

Schools

• Love Elementary School

  elementary · 0.1 mi

  8

• Alameda High School

  high · 9-12 · 0.5 mi

  10

• Will C. Wood Middle School

  middle · 6-8 · 0.9 mi

  6

• Da Vinci Center for Gifted Children

  elementary · K-8 · 0.1 mi

• Applied Scholastics Academy, East Bay

  elementary · K-12 · 0.1 mi

• Children's Learning Center

  elementary · 1-12 · 0.2 mi

Price history

• Oct 16, 2026 · Listed$1,497,000
• Jun 28, 2006 · Sold$750,000
• Nov 6, 1992 · Sold$435,000
• Jan 31, 1989 · Sold$400,000

Tax history

• 2025$17,968 tax · $1,059,924 assessed
• 2024$17,669 tax · $1,039,147 assessed
• 2023$17,060 tax · $998,804 assessed
• 2022$16,705 tax · $979,221 assessed
• 2021$16,327 tax · $960,026 assessed
• 2020$16,135 tax · $950,186 assessed
• 2019$14,679 tax · $931,560 assessed
• 2018$14,329 tax · $913,301 assessed

Home value

$1,541,000

• Collateral Analytics$1,541,000
• Quantarium$1,350,929

Where it is