605 San Pablo Ave - Apartments FOR SALE


Albany, CA 94706
$3,195,000 USD
510-725-4775
605 San Pablo Ave, Albany, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/15
null | 5.71% Cap Rate

605 San Pablo Ave
Albany, CA 94706


HIGHLIGHTS

  • Ten Fully Remodeled 1bd/1bth Units Spanning Approximately 500 SqFt Each
  • Amenities Include Ample Parking Space, Hassle-Free Landscaping, and the Convenience of On-Site Coin-Operated Laundry Facilities
  • Fully Renovated With Recent Renovations, Including Exterior Paint, Remodeled Kitchens and Bathrooms, New Hardwood Flooring, Double-Pane Windows, Etc.
  • Rare Opportunity to Assume Existing Financing w/ Excellent Terms: 3.2% Interest Fixed for Two Years with a Remaining Loan Balance of $1.52MM
  • Perfectly Located on Albany's Main Commercial Corridor, Near Several Popular Amenities and in Walking Distance to the El Cerrito Plaza
  • 100% Occupied With Stable Paying Tenants, Providing Consistent Rental Income on Day One of Ownership

OVERVIEW

The Pinza Group is pleased to present 605 San Pablo Avenue in Albany—an outstanding investment opportunity. This well-maintained apartment building features ten 1bd/1bth units. Six out of the ten units have been fully renovated, featuring recent upgrades such as remodeled kitchens with new appliances and cabinets, updated bathrooms, and new hardwood flooring. The property has also undergone a complete overhaul of the electrical system and has new gates installed to enhance security. Additionally, there are on-site laundry facilities available for residents. This unique offering includes a rare opportunity to assume financing at a favorable 3.2% interest rate fixed for two years, with a remaining balance of $1.52 million. Nestled in a walker's paradise near Albany's primary commercial center, it grants easy access to amenities and the El Cerrito Plaza BART Station, solidifying its status as a desirable investment within the thriving Albany rental market. Albany, nestled along the eastern shoreline of the San Francisco Bay, offers urban accessibility and small-town charm, featuring a quaint commercial allure on Solano Avenue with local shops and eateries, proximate to recreational spots like East Shore State Park, the San Francisco Bay Trail, and Golden Gate Fields Racetrack, making it an appealing investment with convenient access to transport and promising sustained growth in the Bay Area's real estate landscape.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$739 USD /SF

# OF UNITS

10

PRICE/UNIT

$319,500

CAP RATE

5.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

067-2813-024-00

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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