1494 Solano, Albany

$5,895,000

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0 Bed
0 Bath
.17 Acre
0 Garage

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.

Essential Information

MLS® #
41054832
Price
$5,895,000
Bathrooms
0.00
Acres
0.17
Year Built
1958
Type
Residential Income
Status
Active

Community Information

Address
1494 Solano
City
Albany
County
Alameda
Zip Code
94706
Senior Community
N

Amenities

Parking Spaces
13

Interior

Heating
Electric
Cooling
None

Exterior

Exterior
Concrete
Construction
Concrete

Additional Information

Date Listed
April 4th, 2024
Days on Market
35

Listing Details

Agent
Grant Chappell
Office
NAI Northern California
Property History
Price Reduced from $6,250,000 to $5,895,000

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Based on information from California Regional Multiple Listing Service, Inc. as of May 9th, 2024 at 12:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.