Lower Solano

Albany, CA 94706

$2,550,000
Price
Beds
4,944 Sq. Ft.
$516 / Sq. Ft.
4,944
Sq. Ft.
$516
per Sq. Ft.

Description

Location, location, location! 96 Walkscore! 98 Bikescore! ALBANY, INCOME large 4+ bed/2bath main house built in the 20's & 4plex right next door built in the 40's on the same parcel. Main house has beautifully refinished hardwood and tile floors, & spa like bedroom. The house has been updated. The 4plex has (3) 2bedrooms & (1) 1bedroom units, 2 units have gorgeous fireplaces. 3 of the 4 units have been fully remodeled with modern kitchens with dishwashers, dazzling hardwoods and tiles, new tubs and...Location, location, location! 96 Walkscore! 98 Bikescore! ALBANY, INCOME large 4+ bed/2bath main house built in the 20's & 4plex right next door built in the 40's on the same parcel. Main house has beautifully refinished hardwood and tile floors, & spa like bedroom. The house has been updated. The 4plex has (3) 2bedrooms & (1) 1bedroom units, 2 units have gorgeous fireplaces. 3 of the 4 units have been fully remodeled with modern kitchens with dishwashers, dazzling hardwoods and tiles, new tubs and the like. 1 unit has been mostly updates to hardwood, tile floors, and kitchen cabinets were modernized. This is a very unique property and ideal for an owner occupier to live in the 4 bedroom 2 bath structure across the driveway from the 4plex. Albany schools! Solano Ave is steps away. These units have historically rented back to back! Own in one of the last cities with no rent control!
  1. Listed by Pedram Karbassi • DRE #01351640 • Bay's Elite Investments

Property Details for Lower Solano

City
ALBANY
Building Type
5 or More Units
Property Sub Type
5 or More Units
Garage/Parking
Off-Site Parking
View
None
Total # Parking Spaces
2
LISTING UPDATED: 09/16/2024 12:45 PM

Property Details for Lower Solano

StatusActive
MLS #41068905
Days on Compass137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.17 AC / 7,500 SF
CountyAlameda County

Building Information for Lower Solano

Stories-Residences5Year Built1960Building Size-Lot Size0.17 AC / 7,500 SF

Property Information for Lower Solano

Features
Feature Details
  • Flooring: Hardwood Floors, Tile
  • Laundry: In Laundry Room, Inside Unit, Laundry Equip - Leased
  • Disability Features: Other
Utility Details
  • Cooling: None
  • Heating: Forced Air 1 Zone, Gas, Wall Furnace
  • Water/Sewer: Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Recreation Room
Property Details
  • Additional Equipment: Water Heater Gas, Window Coverings, Natural Gas Available, Natural Gas Connected
  • City Transfer Tax: Yes
  • Exterior: Stucco
  • Lot Description: 2 Houses / 1 Lot
  • Lot Sq Ft Apx: 7500
  • Lot Size Square Feet: 7500.0
  • Roof: Tar and Gravel
  • Sq Ft Apx: 4944
  • Year Built: 1960
Location Details
  • Directions to Property: San Pablo to Solano to Kains
  • FIPS Code: 06001
  • Census Tract: yes
  • Printed Neighborhood Rpt: Yes
  • Board ID: Bridge AOR
Multi Family Information
General Details
  • All Units Have: Deck, Dishwasher, Disposal, Microwave, Refrigerator
  • Some Units Have: Deck, Dishwasher, Disposal, Patio, Refrigerator
  • Units Total: 5
  • Basement: None
  • Separate Meters: Electric, Gas
  • Tenant Pays: Electric, Gas
  • Financial Data Source: Other
Income / Expense Details
  • Operating Expenses: Electric, Gas, Insurance, Maintenance/Repair, Property Tax/Assessments
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Recreation, Wired For Cable TV
  • Apx Lot Acres: 0
  • On Site Parking Description: Off Site Parking
  • Tot Ann Oper Exp: 0.0
  • Total Deposits: 0
  • Units - Other: Other
Income / Expense Details
  • Annual Exp Year: 0
  • Annual Gross Sched Income: $158,654
  • Annual Insurance Expense: $0
  • Annual License Expense: $0
  • Annual Maint Expense: $59,154
  • Annual Mgmt Expense: $0
  • Annual Misc Income: $1,147
  • Annual Rent Income: $158,654
  • Annual Taxes: $0
  • Annual Util Expense: $0
  • Annual Vacancy: 0.0
  • Gross Income: $156,628
  • Gross Operating Actual Income: $97,474
  • Gross Rent Multiplier: 15.8
  • Net Operating Income: $97,474
  • Other Annual Expense: $0
Other Financial Information
  • Apprx Equity: 0.0
  • Cap Rate: 3.9
  • Existing Loan: None
  • Interest Rate: 0.0
  • Ocpnt Req 24 Hr: Yes
  • Variable or Fixed Rate: 0
Additional Information
Additional Information
  • Fireplace: No

Property History for Lower Solano

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for Lower Solano

Taxable ValueLand$471,300Additions$1,416,845Total$1,888,145
Tax Record2024$37,809 ($3,151 / month)
Home Facts
Total Finished SqFt4,947 SqFtAbove Grade Finished SqFt4,947 SqFtStories1Lot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1946CountyALAMEDAAPN65-2661-26

Schools near Lower Solano

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.

Similar Homes

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Lower Solano is a multi-family home for sale in Albany, CA 94706. This property was listed for sale on August 6, 2024 by Bay's Elite Investments, it's currently listed at $2,550,000. It has been on the market for a total of 137 days and was last sold on February 23, 2015. This listing's school district is Albany City Unified School District. Nearby schools include Cornell Elementary School, Albany Middle School and Albany High School. Lower Solano is a 0-bed, 0-bath, 4,944 sqft multi-family home built in 1960.

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 Bay's Elite Investments, Pedram Karbassi, DRE #01351640

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.