605 San Pablo Ave | Albany, CA 94706
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- LoopNet Team
605 San Pablo Ave
Albany, CA 94706
Assumable Financing Fixed @ 3.2% · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- Ten Well-Situated 1bd/1bth Units Spanning Approximately 500 SqFt Each, Built in 1960
- Six Out of the Ten Units Are Fully Renovated With Recent Renovations, Including Exterior Paint, Remodeled Kitchens and Bathrooms, & Much More!
- Rare Opportunity to Assume Existing Financing w/ Excellent Terms: 3.2% Interest Fixed for Two Years with a Remaining Loan Balance of $1.52MM
- Amenities Include Ample Parking Space, Hassle-Free Landscaping, and the Convenience of On-Site Coin-Operated Laundry Facilities
- Excellent Opportunity to Own a Well-Maintained Property with Strong Rental Upside in a City Without Local Rent Control
- Perfectly Located on Albany's Main Commercial Corridor, Near Several Popular Amenities and in Walking Distance to the El Cerrito Plaza BART Station
PROPERTY FACTS
| No. Units | 10 | Building Size | 4,320 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1960/2023 |
| Building Class | C | Parking Ratio | 1.16/1,000 SF |
| Lot Size | 0.11 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,320 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2023 |
| Parking Ratio | 1.16/1,000 SF |
AMENITIES
UNIT AMENITIES
- Microwave
- Heating
- Hardwood Floors
- Oven
- Double Pane Windows
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Gated
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 500 |
PROPERTY TAXES
| Parcel Number | 067-2813-024-00 | Improvements Assessment | $1,726,459 |
| Land Assessment | $757,694 | Total Assessment | $2,484,153 |
PROPERTY TAXES
Parcel Number
067-2813-024-00
Land Assessment
$757,694
Improvements Assessment
$1,726,459
Total Assessment
$2,484,153
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