2347 Chestnut St, Livermore, California 94551, Livermore, 94551 - 0 bed, 0 bath
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2347 Chestnut St
Livermore, California 94551
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
3,458Sq Ft
7,508Lot Size
Property Price
LIST PRICE$1,699,000
SUMMARY
Analysis of 2347 Chestnut St, Livermore, California 94551 is currently available with a list price of $1,699,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Livermore Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1968, the property has undergone significant recent renovations that meet the 'excellent' criteria. Unit #3 was just completely remodeled and Unit #2 was remodeled within the last few years. Critical systems have been updated, including new electrical panels in each unit, new wall heaters, and air conditioning. The exterior features a newer roof, new driveway, and fresh paint/facia, making the property turnkey with no immediate maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property has been meticulously maintained with significant recent upgrades, including new electrical panels, HVAC systems, a newer roof, and dual-pane windows, minimizing immediate capital expenditure for a new owner.
- Strong Income Potential
Marketed as a 'cash cow,' the property generates $10,000 in monthly gross income with market-rate rents already established, providing a stable and attractive return on investment.
- Immediate Occupancy Flexibility
With two units delivered vacant—including one that is completely remodeled—the buyer has the rare opportunity to immediately select their own tenants or occupy a unit as an owner-user.
CONSRISKS & DEFICIENCIES
- Transactional Complexity
The requirement for the buyer to cooperate with a 1031 exchange may introduce specific timing constraints and administrative requirements that could complicate the closing process.
- Vintage Infrastructure
Built in 1968, the property may still harbor aged structural or plumbing components typical of its era, which may eventually require attention despite the extensive recent system updates.
About 2347 Chestnut St
GREAT INVESTMENT OPPORTUNITY. First time on the market in 30 years. All 4 units are 2 bedroom, 1 bath. Property is in excellent condition. New facia and paint last year. Roof in excellent shape, dual pane windows and nice landscaping. More recently a new driveway, new electrical panels in each unit, all new wall heaters and air conditioning. Separate community laundry room, carport parking. Two of the units have long term tenants MTM of 15+ years@ $2,500/month. TWO UNITS VACANT. Vacant unit #3 just completely remodeled while vacant unit #2 was remodeled a few years ago. The two units are vacant to show with tenants in waiting @ $2,500 if new owner requests. Tenant moved to another of the owner's properties for easement of showing/sale. This property is turnkey bringing in lOK monthly. Same owner/property manager for 30 years - don't miss this Livermore "cash cow". Buyer to cooperate with 1031 exchange.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1968
- Lot Size
- 7,508 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Livermore Unified Schools
Marylin Avenue Elementary School
Grades K-5 • 1.0 mi
5/10
Jackson Avenue Elementary School
Grades K-5 • 1.4 mi
6/10
Junction Avenue K-8 School
Grades K-8 • 0.1 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Sep 3, 2026
$1,699,000
Initial Listing
Sold
Aug 30, 1996
$280,000
Public Record