Map of Property

1494 Solano Avenue

For Sale

1494 Solano Avenue, Albany, CA 94706

This Albany property for sale is located at 1494 Solano Avenue. The current listed sale price for 1494 Solano Avenue is $6,250,000. 1494 Solano Avenue is situated on a lot that is 0.17 acre in size.

Contacts

broker

Grant Chappell

NAI NorCal

(510) 336-4721

Property Details

  • Property Type Multi-Family
  • Property Size 8,921 SF
  • Units 20
  • Lot Size 0.17 Acre
  • Year Built 1958
  • Date Updated Apr 8, 2024
The subject property is ideally located on Solano Ave, a main thoroughfare connecting Albany and Berkeley, one block West of Safeway. Albany boasts highly rated schools and is situated just below the Berkeley Hills. The El Cerrito Plaza BART Station is located just over a mile away, along with easy access to freeways and other public transit.The Chappell Team of NAI NorCal is 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.

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Highlights

  • Rare opportunity to acquire a large 20-unit Albany multifamily asset located along the upper portion of the popular thoroughfare, Solano Avenue
  • Full seismic retrofit recently completed
  • Recently renovations include a new roof, windows and facade
  • Free of local rent control ordinances
  • Located near the Albany school district - rated among the top districts in the Bay Area
  • Thirteen off-street parking spaces
  • Professionally managed by Premium Properties
  • Detailed Conceptual Plans Developed for Two ADUs

Getting around

  • 95/100

    Walk Score ®

  • 50/100

    Transit Score ®

  • 89/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Albany, CA
  • Neighborhood Albany
  • Zip Code 94706
  • Market Bay Area

Points of Interest

  • El Cerrito Plaza

    1.02 miles

  • North Berkeley

    1.18 miles

  • Berkeley

    1.76 miles

  • Downtown Berkeley

    1.79 miles

  • Ashby

    2.79 miles

  • El Cerrito del Norte

    2.86 miles

  • Emeryville

    3.48 miles

  • Redwood Valley Railway

    3.62 miles

  • Rockridge

    3.76 miles

  • MacArthur

    4.43 miles

  • 76

    0.50 miles

  • Shell

    0.58 miles

  • Arco

    0.59 miles

  • Albany Hill Mini Market

    0.65 miles

  • Chevron

    0.83 miles

  • Chevron

    0.85 miles

  • eVgo

    0.85 miles

  • Chevron

    0.89 miles

  • R&R

    0.95 miles

  • Kensington Service Station

    1.02 miles

  • Solano Board Walk

    0.28 miles

  • Picante Parking

    1.11 miles

  • Spenger’s Parking Lot

    1.70 miles

  • Center Street Garage

    1.71 miles

  • Genetics Underground Garage

    1.72 miles

  • University Hall West Lot

    1.75 miles

  • Allston Way Garage

    1.78 miles

  • Lower Hearst Structure

    1.80 miles

  • Oxford Garage

    1.91 miles

  • North Extension Lot

    1.94 miles

  • Golden Bear Inn

    1.16 miles

  • SenS Hotel

    1.28 miles

  • Berkeley Inn

    1.28 miles

  • Rodeway Inn

    1.41 miles

  • Aiden by best western

    1.42 miles

  • Super 8 Berkeley

    1.44 miles

  • Holiday Inn Express & Suites Berkeley

    1.45 miles

  • Howard Johnson Berkeley

    1.46 miles

  • Quality Inn University

    1.48 miles

  • Travelodge

    1.55 miles

  • Safeway

    0.07 miles

  • Andronico's Community Market

    0.52 miles

  • Colusa Market

    0.60 miles

  • Sprouts Farmers Market

    0.65 miles

  • Monterey Market

    0.73 miles

  • El Cerrito Plaza

    0.83 miles

  • Trader Joe's

    0.84 miles

  • Whole Foods Market

    0.86 miles

  • Lucky

    0.88 miles

  • Ross

    0.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Grant Chappell

NAI NorCal

(510) 336-4721