Active

1494 Solano

Albany CA, 94706

$5,895,000


$660.80 per sqft

Active

8,921 sqft

Commercial

Built in 1958

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.

41054832

MLS ID

April 4, 2024

Listed

July 13, 2024

Updated

Map

1494 Solano
Albany CA, 94706

Interior Features

Interior Features

Storage


Floor Description

Hardwood, Laminate, Tile, Other


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Electric

Exterior/Building Features

Lot Size

0.17 Acres


Lot Features

Regular


Roof

Bitumen


Sewer

Public Sewer

Other Property Details

Area Name

Albany


Garage

No


Parking

Covered, Parking Lot


View

No


County

Alameda


Water Source

Public


Pool

No

Listing History

Date

Event

Price

5/7/2024

Price Change

$5,895,000

-6%

Listed by Grant Chappell with NAI Northern California
Listing Contact: 415-246-4314 

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