467 Albion Ave - Apartments FOR SALE


Ashland, CA 94580
$1,450,000 USD
408-205-2679
467 Albion Ave, Ashland, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/5
null | 6.06% Cap Rate

467 Albion Ave
Ashland, CA 94580


HIGHLIGHTS

  • Designated parking spots and ample street parking in the area.
  • Single-story buildings that allow for convenient access.
  • Property has significant value up-side.
  • Location allows for easy access to major employment centers in the East Bay and on the Peninsula.
  • Walking distance from prominent retailers like Walmart, In-N-Out, Starbucks, and Grocery Outlet.
  • Easy access to the San Mateo-Hayward Bridge.

OVERVIEW

Excellent price per unit and strong returns on day 1 with exceptional upside. The Azucena Group presents 467 Albion Ave., a nine-unit multifamily property in San Lorenzo, featuring a unit mix of five studios and four one-bedroom, one-bathroom apartments. Situated on a large 0.29-acre lot (12,415 sq. ft.), the property offers residents convenient amenities, including on-site parking and laundry facilities. Its prime location provides walkable access to numerous shops and services. Additionally, the property presents multiple value-add opportunities, allowing investors to enhance cash flow and increase asset value while investing in a community that connects the East Bay with the Peninsula and Silicon Valley.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$387 USD /SF

# OF UNITS

9

PRICE/UNIT

$161,111

CAP RATE

6.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R4

APN/PARCEL ID

413-0097-012-00

ASK ABOUT THIS PROPERTY

Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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