605 San Pablo Ave - Apartments FOR SALE


Albany, CA 94706
$2,720,000 USD
510-988-0402
605 San Pablo Ave, Albany, CA for Sale
$2,720,000 USD
Apartments - FOR SALE
1/14
null | 5.41% Cap Rate

605 San Pablo Ave
Albany, CA 94706


HIGHLIGHTS

  • Well balanced unit mix, comprised of (10) one-bedroom and one-bath units appealing to a broad tenant base and supporting consistent occupancy.
  • All units are separately metered for gas and electric, reducing owner expenses and enhancing operational eciency.
  • Majority of units have been remodeled with upgraded ooring and kitchens and additional capital improvements including a new roof and new water heaters
  • Minutes away from thriving cities El Cerrito and Berkeley. And neighbors El Cerrito Plaza, the neighborhood’s premier shopping, dining, and entertainm
  • Excellent Transit Access : Less than one mile to the El Cerrito BART Station, providing direct connectivity to San Francisco, Oakland, and the greater
  • Supply Constrained Market: Limited new multifamily supply and strict zoning constraints support long-term asset value and rent growth.

OVERVIEW

PROPERTY DESCRIPTION 605 San Pablo Avenue presents the opportunity to acquire a wellmaintained 10-unit multifamily asset in Albany, one of the East Bay’s most desirable rental markets. The property features a well balanced unit mix of (10) 1-bedroom and 1-bathroom units. Tenant amenities include onsite parking, onsite laundry facilities and perimeter fencing, all of which contribute to consistent occupancy and strong tenant retention. All units are individually metered for gas and electric, providing operational eciency and reduced owner expense exposure. The units feature functional layouts with comfortable living spaces that cater to steady rental demand in the area. A majority of the units have been fully renovated with hardwood ooring in the living and bedroom areas, along with updated flooring and refreshed countertops in the kitchens. Additional capital improvements including a new roof and new water heaters both installed in 2025. 605 San Pablo Avenue is currently fully occupied offering immediate and consistent in-place cash flow. In addition, the asset provides future upside potential through continued unit turnover, market rent adjustments, and organic rent growth through annual increases. This opportunity is well-suited for investors seeking a low maintenance, stabilized asset in the city of Albany. LOCATION DESCRIPTION 605 San Pablo Avenue benefits from strong walkability and excellent connectivity to El Cerrito and Berkeley. It is adjacent to El Cerrito Plaza and less than half a mile from El Cerrito BART Station, providing direct access to regional employment hubs throughout the Bay Area. The property is also just blocks from the retail and dining corridors along Solano Avenue and El Cerrito Avenue, oering tenants a wide range of restaurants, cafés, grocery options, and neighborhood conveniences within walking distance. Albany is recognized for its strong public schools, walkable residential streets, and proximity to the shoreline. Its location between Berkeley and El Cerrito, combined with convenient access to BART and major thoroughfares, continues to support stable rental demand and long-term investment appeal.

FOR SALE DETAILS

PRICE

$2,720,000 USD

PRICE/SF

$629 USD /SF

# OF UNITS

10

PRICE/UNIT

$272,000

CAP RATE

5.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

-

APN/PARCEL ID

067-2813-024-00

ASK ABOUT THIS PROPERTY

Matthew RullodaBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
510-988-0402

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Matthew RullodaBerkshire Hathaway HomeServices Drysdale PropertiesMore Info
510-988-0402

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