1126 Marin Avenue

Albany, CA 94706

$3,500,000
Price
Beds
6,804 Sq. Ft.
$514 / Sq. Ft.
6,804
Sq. Ft.
$514
per Sq. Ft.

Description

Winkler Real Estate Group proudly presents 1126 Marin Avenue, a prime multifamily investment opportunity in the heart of Albany. This property features eight apartments, each offering 2 bedrooms, 1.5 bathrooms, and underground gated parking with a dedicated space for every unit. The apartments boast large dual-pane sliding glass doors that open to spacious balconies, allowing ample natural light and outdoor living space. Most units have been extensively renovated, showcasing updated kitchens and...Winkler Real Estate Group proudly presents 1126 Marin Avenue, a prime multifamily investment opportunity in the heart of Albany. This property features eight apartments, each offering 2 bedrooms, 1.5 bathrooms, and underground gated parking with a dedicated space for every unit. The apartments boast large dual-pane sliding glass doors that open to spacious balconies, allowing ample natural light and outdoor living space. Most units have been extensively renovated, showcasing updated kitchens and bathrooms. Upgrades with modern conveniences in mind, the property includes EV charging stations for every parking space, a security camera system with remote access, coin-operated laundry, a secure built-in package locker, and upgraded LED exterior and garage lighting. Located in a highly coveted area, 1126 Marin Avenue benefits from consistent and strong demand for rental housing. Albany is renowned for its top-rated school district and is considered one of the most desirable cities in the East Bay. The property is situated just one block from vibrant Solano Avenue, a thriving commercial district offering a variety of restaurants, cafes, shops, and the annual Solano Stroll Street Festival. Additionally, Whole Foods, Sprouts, Trader Joe’s, and other grocery stores are within a mile.
  1. Listed by Tom Coble • DRE #01895472 • Winkler Real Estate Group
  2. Listed by Daniel Winkler • DRE #01090765 • Winkler Real Estate Group

Property Details for 1126 Marin Avenue

City
ALBANY
Dist Neighborhood Subdiv
CENTRAL ALBANY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Assigned Spaces, Spaces per Unit - 1, Underground Parking
Total # Parking Spaces
8
LISTING UPDATED: 12/12/2024 12:21 AM

Property Details for 1126 Marin Avenue

StatusActive
MLS #41080116
Days on Compass13
Taxes$66,504 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1975
Lot Size0.14 AC / 6,000 SF
CountyAlameda County

Building Information for 1126 Marin Avenue

Stories-Residences8Year Built1975Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 1126 Marin Avenue

Features
Feature Details
  • Flooring: Vinyl, Carpet
  • Laundry: Coin Operated, Community Facility, Laundry Equip - Owned
Utility Details
  • Cooling: None
  • Heating: Baseboard, Electric
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Property Details
  • Additional Equipment: Video System, All Electric, Individual Electric Meter
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: Landscape Back
  • Lot Sq Ft Apx: 6000
  • Lot Size Square Feet: 6000.0
  • Roof: Rolled Composition
  • Sq Ft Apx: 6804
  • Year Built: 1975
Location Details
  • Directions to Property: San Pablo to Marin Ave
  • FIPS Code: 06001
  • Census Tract: 4205/2
  • Parcel Number: 65-2659-3-1
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • Units Total: 8
  • Basement: None
  • Tenant Pays: Electric
  • Financial Data Source: Owner
Multi Family 5+ Information
Unit 1
  • Unit 1 # Units This Type?: 8
  • Unit # 1 Occupied By: Tenant
  • Unit # 1 Refrigerator: Yes
  • Unit # 1 Range Oven: Yes
  • Unit # 1 # of Bedrooms: 2
  • Unit # 1 # of Bathrooms: 1.5
  • Unit # 1 Parking Spaces: 1
  • Unit # 1 Approx SqFt: 850
Building Details
  • Additional Features-Misc: Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: Below Ground Parking, Covered Parking, Garage Parking, Spaces - Assigned, Space Per Unit - 1
  • Tot Ann Oper Exp: 125610.0
Income / Expense Details
  • Annual Gross Sched Income: $257,940
  • Annual Insurance Expense: $6,360
  • Annual License Expense: $1,332
  • Annual Mgmt Expense: $15,476
  • Annual Misc Income: $2,000
  • Annual Rent Income: $257,940
  • Annual Taxes: $66,504
  • Annual Util Expense: $16,800
  • Gross Income: $259,940
  • Gross Rent Multiplier: 13.5
  • Net Operating Income: $132,329
Other Financial Information
  • Cap Rate: 3.8
  • Existing Loan: None
  • Ocpnt Req 24 Hr: Yes
Additional Information
Additional Information
  • Fireplace: No

Property History for 1126 Marin Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1126 Marin Avenue

Taxable ValueLand$800,000Additions$2,400,000Total$3,200,000
Tax Record2024$60,911 ($5,076 / month)
Home Facts
Total Finished SqFt6,804 SqFtAbove Grade Finished SqFt6,804 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1975CountyALAMEDAAPN65-2659-3-1

Schools near 1126 Marin Avenue

This home is within Albany City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Cornell Elementary School
PublicK to 5

Albany Middle School
Public6 to 8

Albany High School
Public9 to 12

Ocean View Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1126 Marin Avenue is a multi-family home for sale in Albany, CA 94706. This property was listed for sale on December 5, 2024 by Winkler Real Estate Group, it's currently listed at $3,500,000. This listing's school district is Albany City Unified School District. Nearby schools include Cornell Elementary School, Albany Middle School and Albany High School. 1126 Marin Avenue is a 0-bed, 0-bath, 6,804 sqft multi-family home built in 1975.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Winkler Real Estate Group, Tom Coble, DRE #01895472; Winkler Real Estate Group, Daniel Winkler, DRE #01090765

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.