1126 Marin Ave
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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.
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
- Offering Memorandum
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 | Apartment Style | Low Rise |
Price Per Unit | $620,143 CAD | Building Class | C |
Sale Type | Investment | Lot Size | 0.14 AC |
Cap Rate | 3.80% | Building Size | 6,804 SF |
Gross Rent Multiplier | 13.5 | Average Occupancy | 100% |
No. Units | 8 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1975 |
Property Subtype | Apartment | Parking Ratio | 1.47/1,000 SF |
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 |
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Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 065-2659-003-01 | Total Assessment | $4,500,480 CAD |
Land Assessment | $1,125,120 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $3,375,360 CAD | Tax Year | 2024 |
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
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1126 Marin Ave
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