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1494 Solano Albany, CA, 94706
$5,895,000 $355,000 Commercial for sale Lowrise (1-3 Flrs)
Updated pricing! We're 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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Property details
8,921 sqft interior area
Land area
7,260 sqft (0.17 acres)
Days on Verhouse
39
Address
1494 Solano, Albany, CA, 94706
City of California
Albany
County
Alameda
Previous price
$6,250,000
Year Built
1958
District
Listing
Nearby major retailers
Costco
7-Eleven
MetroPCS
Trader Joe's
Marshalls
Petco
Apple Store
Ross
Public Storage
Verizon Wireless
Supercuts
T-Mobile
Pet Food Express
AT&T
Safeway
See's Candies
GNC
CVS Pharmacy
Whole Foods Market
Chevron Food Mart
Shell
Dollar Tree
Amazon 4-star
Pet food express
Nordstrom
GameStop
The Home Depot
Toyota
O'Reilly auto parts
Wholesale: 1
Convenience: 10
Mobile phone: 11
Supermarket: 12
Department store: 5
Pet: 6
Electronics: 2
Storage rental: 1
Hairdresser: 3
Confectionery: 2
Nutrition supplements: 2
Chemist: 2
Variety store: 1
Video games: 1
Do it yourself: 1
Car repair: 1
Car parts: 1
Car: 1
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Interior Features
Hardwood, Laminate, Tile, Other floors
Floor Covering
Hardwood, Laminate, Tile, Other
Garage & Parking
Covered, Parking Lot
Other rooms
Storage
Amenities
None
Basement
None
Listed by
Grant Chappell, NAI Northern California
Name
Grant Chappell
License number
01700439
Brokerage company
NAI Northern California
MLS #
41054832
Payment calculator
Calculate your monthly payments
Mortgage
$18,099
Taxes
$0
HOA dues
$0
Mortgage
$1,179,000 / 20%
2.28%
30 years
Your amount
$18,099 / month
Exterior Features
Concrete Block construction
Construction
Concrete Block
Lot details
TMK #65264041
Lot Description
Regular
Parcel nr.
65264041
94706 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 94706
45%
Families with children
National average: 39%
40%
Non family households
240,270
Population
$127,648
Average Income
Age & gender
Median age 38 years
More info
Commute types
49% commute by car
More info
Education level
30% have bachelor education
More info
Number of employees
2% work in management
More info
Vehicles available
43% have 1 vehicle
More info
Vehicles by gender
43% have 1 vehicle
More info
Housing market insights for
$1.35m
Neighborhood average
sales price*
sales price*
$1.25m
Neighborhood median
sales price*
sales price*
403
Number
of sales*
of sales*
Housing type
52% are single detacheds
More info
Rooms
40% of the houses have 4 or 5 rooms
More info
Bedrooms
64% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are owners
More info
17.17 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Price Decrease May 7, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 7, 2024 | Price Decrease | $5,895,000 -5.68% | 0 | MLS #41054832 |
| Apr 4, 2024 | New Listing | $6,250,000 -7.41% | 0 | MLS #41054832 |
| Nov 11, 2023 | Unavailable | $6,750,000 | 0 | MLS #41032306 |
| Nov 6, 2023 | Temporarily Withdrawn | $6,750,000 | 0 | MLS #41032306 |
| Jul 6, 2023 | New Listing | $6,750,000 | 0 | MLS #41032306 |
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Frequently Asked Questions about 1494 Solano
What is 1494 Solano?
1494 Solano is a Commercial/Industrial propertywith 8,921 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1494 Solano, Albany, CA, 94706.
What comparable properties are nearby?
Comparable nearby commercial properties include 1444 Walnut St, 1526 Arch St, 2101 San Pablo, 1917 6th St, 1805 Eastshore Hwy, 1049 43rd St.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: May 07, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Safeway, 0.07 miles away and Safeway Community Markets, 0.52 miles away.
The 94706 zip area has a population of 240,270, and 45% of the families have children. The median age is 38.25 years and 49% commute by car. The most popular housing type is "single detached" and 51% is owner.
