Christopher Danesi at RE/MAX Accord
East Bay Condo ManiaMLS: 41054832 $6,250,000
Bedrooms with Baths1494 SOLANO
ALBANY CA 94706MLS: 41054832
Status: ACTIVE
List Price: $6,250,000
Price per SQFT: $701
Square Footage: 8921Bedrooms
Baths
Year Built: 1958
Zip Code: 94706
Listing Remarks
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.
Address: 1494 SOLANO ALBANY CA 94706
Listing Courtesy of GRANT CHAPPELL of NAI NORTHERN CALIFORNIA
Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2024-04-04 LIVING AREA SQ FT: 8921 YEAR BUILT: 1958 CONSTRUCTION: Concrete Block FLOORING: Hardwood, Laminate, Tile, Other HEATING: Electric COOLING: None INTERIOR FEATURES: Storage LOT FEATURES: Regular PARKING FEATURES: Covered, Parking Lot PROPERTY TYPE: Commercial Sale PROPERTY SUB TYPE: Lowrise (1-3 Flrs) ROOF: Bitumen LISTING AGENT: GRANT CHAPPELL LISTING OFFICE: NAI NORTHERN CALIFORNIA
Estimated Monthly Payments
List Price: $6,250,000 20% Down Payment: $1,250,000 Loan Amount: $5,000,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $31,603 Estimate does not include taxes, fees, insurance.
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Property Location: 1494 SOLANO ALBANY CA 94706
This Listing
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Condo Mania Agent:
Chris DanesiRE/MAX Accord
DRE #01777489
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Last Updated: 2024-04-29