1421 Chestnut St, Alameda, CA 94501

Two Homes, One Opportunity. Welcome to Central Alameda, where charm meets flexibility. 1419–21 Chestnut Street offers a rare and desirable setup: two separate two-bedroom, one-bath homes on one lot, ideal for multigenerational living, rental income, or a hybrid of both. Both houses are filled with character, featuring wood beam ceilings, hardwood floors, built-in shelving, fireplaces, and in-unit laundry. The front home (1419) is a spacious split-level with two large bedrooms and its own private outdoor space. The rear home (1421) features a bright, single-level layout with natural light and direct access to a private courtyard oasis, ideal for relaxing or entertaining. Whether you’re living in one and renting the other, co-purchasing with family, or simply investing in a flexible, income-producing property, this is a move-in-ready opportunity with long-term upside. Each unit is currently rented at $2,290 per month, with room for future growth. Located just minutes from Park Street, top schools, and commuter options, 1419–21 Chestnut is an Alameda gem.