1126 Marin Ave - Apartments FOR SALE


Albany, CA 94706
$2,995,000 USD
510-421-4528
1126 Marin Ave, Albany, CA for Sale
$2,995,000 USD
Apartments - FOR SALE
1/37
null | 4.42% Cap Rate

1126 Marin Ave
Albany, CA 94706


HIGHLIGHTS

  • Large balconies on each unit.
  • Close proximity to shopping, restaurants, grocery stores and public transit
  • 97 walkscore, 98 bikescore
  • No local rent control ordinance.
  • Exempt from local soft story retro-fit requirement.

OVERVIEW

Winkler Real Estate Group proudly presents 1126 Marin Avenue, a prime multifamily investment opportunity in the heart of Albany. This property features eight apartments, each offering 2 bedrooms, 1.5 bathrooms, and underground gated parking with a dedicated space for every unit. The apartments boast large dual-pane sliding glass doors that open to spacious balconies, allowing ample natural light and outdoor living space. Most units have been extensively renovated, showcasing updated kitchens and bathrooms. Upgrades with modern conveniences in mind, the property includes EV charging stations for every parking space, a security camera system with remote access, coin-operated laundry, a secure built-in package locker, and upgraded LED exterior and garage lighting. Located in a highly coveted area, 1126 Marin Avenue benefits from consistent and strong demand for rental housing. Albany is renowned for its top-rated school district and is considered one of the most desirable cities in the East Bay. The property is situated just one block from vibrant Solano Avenue, a thriving commercial district offering a variety of restaurants, cafes, shops, and the annual Solano Stroll Street Festival. Additionally, Whole Foods, Sprouts, Trader Joe’s, and other grocery stores are within a mile. The location also offers excellent transit and commuting options, with two BART stations (El Cerrito Plaza and North Berkeley), the Ohlone Greenway for biking, and AC Transit bus stops just a block away on San Pablo Avenue and Solano Avenue. UC Berkeley, Downtown Berkeley, Emeryville, Oakland, San Francisco, and the broader Bay Area are easily accessible via public transit or Interstates 80/580. With a 97 Walk Score and 98 Bike Score, this property epitomizes convenience. * No local rent control ordinance in Albany * Exemption from local soft-story retrofit requirements  * Recently completed Section 1 exterior and balcony work * Separately metered for electric * Laundry room with owned coin operated washer and dryer * All electric units8 gated parking spaces with EV charging stations * Low maintenance landscaping * Easy access to Interstate 80/580, BART and buses *Meticulously maintained by the same family for decades, this property stands as a turnkey investment and a welcoming place for renters to call home.  1126 Marin Avenue is ready to be a valuable asset in your portfolio.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

8

PRICE/UNIT

$374,375

CAP RATE

4.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,998 SF

ZONING

-

APN/PARCEL ID

065-2659-003-01

ASK ABOUT THIS PROPERTY

Daniel WinklerDaniel Winkler and Associates, Inc.More Info
510-421-4528

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Daniel WinklerDaniel Winkler and Associates, Inc.More Info
510-421-4528

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.