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1126 Marin Ave

8 Unit Apartment Building $4,961,145 CAD ($620,143 CAD/Unit) 3.80% Cap Rate Albany, CA 94706

Investment Highlights

  • Large balconies on each unit.
  • 97 walkscore, 98 bikescore
  • Exempt from local soft story retro-fit requirement.
  • Close proximity to shopping, restaurants, grocery stores and public transit
  • No local rent control ordinance.

Executive Summary

Winkler Real Estate Group proudly presents 1126 Marin Avenue, a prime multifamily investment opportunity in the heart of Albany. This property features eight apartments, each offering 2 bedrooms, 1.5 bathrooms, and underground gated parking with a dedicated space for every unit. The apartments boast large dual-pane sliding glass doors that open to spacious balconies, allowing ample natural light and outdoor living space. Most units have been extensively renovated, showcasing updated kitchens and bathrooms.
Upgrades with modern conveniences in mind, the property includes EV charging stations for every parking space, a security camera system with remote access, coin-operated laundry, a secure built-in package locker, and upgraded LED exterior and garage lighting.
Located in a highly coveted area, 1126 Marin Avenue benefits from consistent and strong demand for rental housing. Albany is renowned for its top-rated school district and is considered one of the most desirable cities in the East Bay. The property is situated just one block from vibrant Solano Avenue, a thriving commercial district offering a variety of restaurants, cafes, shops, and the annual Solano Stroll Street Festival. Additionally, Whole Foods, Sprouts, Trader Joe’s, and other grocery stores are within a mile.
The location also offers excellent transit and commuting options, with two BART stations (El Cerrito Plaza and North Berkeley), the Ohlone Greenway for biking, and AC Transit bus stops just a block away on San Pablo Avenue and Solano Avenue. UC Berkeley, Downtown Berkeley, Emeryville, Oakland, San Francisco, and the broader Bay Area are easily accessible via public transit or Interstates 80/580. With a 97 Walk Score and 98 Bike Score, this property epitomizes convenience.
* No local rent control ordinance in Albany
* Exemption from local soft-story retrofit requirements 
* Recently completed Section 1 exterior and balcony work
* Separately metered for electric
* Laundry room with owned coin operated washer and dryer
* All electric units8 gated parking spaces with EV charging stations
* Low maintenance landscaping
* Easy access to Interstate 80/580, BART and buses
*Meticulously maintained by the same family for decades, this property stands as a turnkey investment and a welcoming place for renters to call home.  1126 Marin Avenue is ready to be a valuable asset in your portfolio.

Data Room Click Here to Access

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $4,961,145 CAD
Price Per Unit $620,143 CAD
Sale Type Investment
Cap Rate 3.80%
Gross Rent Multiplier 13.5
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 6,804 SF
Average Occupancy 100%
No. Stories 2
Year Built 1975
Parking Ratio 1.47/1,000 SF

Unit Amenities

  • Balcony
  • Dishwasher
  • Disposal
  • Kitchen
  • Range

Site Amenities

  • Laundry Facilities
  • Car Charging Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1.5 8 - 850
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
065-2659-003-01
Land Assessment
$1,125,120 CAD
Improvements Assessment
$3,375,360 CAD
Total Assessment
$4,500,480 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 34098169

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 1126 Marin Ave, Albany, CA 94706

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