841 Solano Ave - Apartments FOR SALE


Albany, CA 94706
$2,795,000 USD
510-725-4775
841 Solano Ave, Albany, CA for Sale
$2,795,000 USD
Apartments - FOR SALE
1/29
null | 6.41% Cap Rate

841 Solano Ave
Albany, CA 94706


HIGHLIGHTS

  • Double-Pane Windows, Many Updated Units, Improved Balconies/Patios, and Many Other Improvements
  • Concrete Foundation Exempt From Retrofit Requirement
  • Well Positioned on Solano Avenue, Walking Distance to Parks, Schools, Public Transportation, BART, & I-580
  • 1:1 Gated Underground Parking Garage Ratio, On-Site Laundry, and Storage
  • Unobstructed Views of the Golden Gate Bridge and Bay Area

OVERVIEW

The Pinza Group, Inc. is pleased to present Solano Avenue apartments, a pride-of-ownership asset located in the heart of Albany, CA. The 8-unit multifamily property is comprised of eight 2bd/1bth units built in 1959. The structure is set on a spacious 5,000 SF lot, featuring on-site laundry amenities and a 1:1 gated underground parking garage ratio, and unobstructed views of the Golden Gate Bridge from each unit. Additionally, each unit is separately metered for PG&E, allowing utility pass-throughs to keep owner expenses at an absolute minimum. This is a rare opportunity to own a premium asset in downtown Albany, free of local rent control ordinances. Situated on the eastern shoreline of the San Francisco Bay, next to the Golden Gate Bridge, Albany is ranked among the best places to live in California. Centrally located in a major metropolitan area, Albany manages to maintain a sense of small-town ambiance, which is accentuated by its charming commercial corridor along Solano Avenue with quaint local shops and some of the Bay area’s best eateries. Albany hosts the annual Solano Stroll, an open-air parade and fair, drawing hundreds of thousands to the city every year. Recreational opportunities abound in Albany, with access to East Shore State Park, the San Francisco Bay Trail, and Golden Gate Fields Racetrack. Email: Info@PinzaGroup.com for a complete marketing package.

FOR SALE DETAILS

PRICE

$2,795,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

8

PRICE/UNIT

$349,375

CAP RATE

6.41%

% LEASED

-

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

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,009 SF

ZONING

R-50, Albany

APN/PARCEL ID

066-2749-009-01

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.