Listed by Nathaniel Reinke • KW Advisors East Bay
Bought with Nathaniel Reinke KW Advisors East Bay

$1,630,000

$1,595,000 2.2%

Est. payment - /mo

3,452 SqFt

UPDATED:

Key Details

Sold Price $1,630,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,452 sqft

Price per Sqft $472

Subdivision Albany

MLS Listing ID 41133629

Sold Date 06/02/26

HOA Y/N No

Year Built 1964

Lot Size 5,151 Sqft

Property Sub-Type Quadruplex

Source Bridge AOR

Property Description

Built in 1963, the 517 Stannage Avenue Apartments consist of Four (4) units in a two-story walkup apartment building. The building is built of wood frame construction with a stucco exterior. The apartment building contains approximately 3,452 square feet of gross building area set on a 5,151 square foot lot. The property has been well-maintained, showcasing the solid architectural bones of its era while serving as a reliable asset in a low-vacancy submarket. The property features a total of Four (4) two bedroom / one bath units estimated at 863 square feet each. A majority of the units have been substantially remodeled and feature kitchen upgrades such as granite countertops, new cabinetry, new appliances and designer light fixtures. The units feature beautiful hardwood flooring through much of the apartment while bedrooms are carpeted. Bathrooms contain small vanities, tiled floors, wall-mounted cabinets and bathtubs with surrounds. The 517 Stannage Avenue Apartments offer investors the opportunity to acquire a well-maintained, well-situated property with zero deferred maintenance in the highly desirable City of Albany. With a two-bedroom unit being kept vacant as a potential owner's unit, this asset will attract not only investors but also owner users. Located one block from El Cerrito Plaza, about half a mile from El Cerrito BART, and three blocks from Solano Avenue, making it highly attractive to renters, including professionals and students.

Location

State CA

County Alameda

Interior

Heating Forced Air, Natural Gas, Wall Furnace

Cooling No Air Conditioning

Flooring Hardwood, Tile, Carpet

Fireplace No

Appliance Gas Water Heater

Laundry Coin Operated, Common Area, Dryer, Washer

Building

Lot Description Rectangular Lot, Landscaped

Water Public

Schools

School District Albany (510) 559-6500, Albany (510) 559-6500

Others

Special Listing Condition Standard

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Broker | License ID: 01405369

Broker License ID: 01405369

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517 Stannage Ave Albany, CA 94706