1100 Portland Ave - Apartments FOR SALE


Albany, CA 94706
$5,500,000 USD
831-238-3592
1100 Portland Ave, Albany, CA for Sale
$5,500,000 USD
Apartments - FOR SALE
1/29
null | 5.27% Cap Rate

1100 Portland Ave
Albany, CA 94706


HIGHLIGHTS

  • High Quality 2003 Construction in Heart of Albany
  • Large Residential Units, Parking Garage, Electrical Charging Stations, Storage
  • Strong Rental History

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,500,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

14

PRICE/UNIT

$392,857

CAP RATE

5.27%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Portland Gardens

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2003

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,001 SF

ZONING

San Pablo Commercial

APN/PARCEL ID

066-2812-001-01

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.