$5,795,000
For Sale

1494 Solano

Albany, CA 94706
Listing OfficeNAI Northern California
Browse 15 photos
Type:Multi-Family
Structure:House
Zone:Commercial

Description

Updated pricing! We're pleased to present 1494 Solano Ave, a turnkey 20-unit property ideally located on one of the East Bay's most popular neighborhood thoroughfares, Solano Avenue. Originally constructed in 1958 and meticulously cared for under current ownership and management, the subject property consists of twenty (20) total units: sixteen (16) 1-bedroom/1-bathroom units and four (4) 2-bedroom/1-bathroom units with ample parking (ground floor and off-street) and coin-op laundry. The property has undergone several capital improvements including a full seismic retrofit, roof restoration, window replacements and a complete facade renovation. Recent unit upgrades include strand bamboo hardwood floors, new bathroom vanities, cabinets and modern appliances. Under current ownership, PG&E is separately metered for the units while garbage, water, and hot water is being paid for by the landlords. The property may qualify for ADU conversion in the parking area. With a 95 Walk Score and close proximity to public transit and local favorites such as Little Star Pizza, Rivoli and Bowl'd Korean Rice Bar, this ideal location appeals to young professionals and families.

  • Property Details
      • Acres0.1667
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1958
  • Community and Neighborhood Details
      • CountyAlameda
  • Financial Details
      • Original List Price$5,795,000
  • Other
      • MLS #41073844

Location

SparrowLily Realty, Inc.Real Estate Group
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years

Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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