605 San Pablo Ave, Albany, CA for sale

Investment Overview

605 San Pablo Avenue presents the opportunity to acquire a well-maintained 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 efficiency 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 flooring in the living and bedroom areas, along with updated linoleum 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, mark-to-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.

Investment 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 efficiency.
• Majority of units have been remodeled with upgraded flooring and kitchens and additional capital improvements including a new roof and new water heaters both installed in 2025.
• Low-Maintenance Investment Profile, Stabilized operations, utility efficiencies, and recent improvements create a durable, low-maintenance ownership opportunity.
• Minutes away from thriving cities El Cerrito and Berkeley. And neighbors El Cerrito Plaza, the neighborhood’s premier shopping, dining, and entertainment center.
• Excellent Transit Access : Less than one mile to the El Cerrito BART Station, providing direct connectivity to San Francisco, Oakland, and the greater Bay Area.
• Supply Constrained Market: Limited new multifamily supply and strict zoning constraints support long-term asset value and rent growth.