$5,500,000 $5,500,000

12 Apartment Units, 2 Commercial Spaces, 2003 Construction

Mahoney & Associates is pleased to present to the market 1100 Portland Avenue, a prime mixed use investment opportunity in the heart of Albany. Built from the ground up in 2003, this property features 12 market rate apartment units (8 – 3/2’s & 4 – 2/1’s), two street-level commercial units on San Pablo, a gated parking garage with 20 parking spaces & EV charging stations, a security camera system, and ten storage units. The apartments have abundant sources of natural light, large functional floor plans, nine foot ceilings, installed washers/dryers, and access to the beautiful common courtyard. This property is a strong candidate for a condo conversion. To that end, the condo conversion process has been initiated and Buyer’s are encouraged to research this process further.

Details

Price : $5,500,000 $5,500,000
Cap Rate : 5.27
Address : 1100 Portland Ave
City : Albany
State : CA
Zip Code : 94706
APN : 66-2812-1-1
Property Type : Residential
Purpose : Sell
Building Size : 16,028
Lot Size : 10,000
Zoning : San Pablo Commercial
Property ID : 10892

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Patrick Stafford
DRE #01857243

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Patrick Stafford
DRE#01352818

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Patrick Stafford
DRE #01403313

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Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

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