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1494 Solano, Albany, CA 94706
$5,895,000
1494 Solano, Albany, CA 94706View this property at 1494 Solano, Albany, CA 94706
1494 SolanoAlbanyCA94706
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Property Description
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.
Full Property Details
Full Property Details for 1494 Solano
General
- Price: $5,895,000
- Status: Active
- Type: Commercial Residential Facility
- MLS ID: 41054832
- Updated: 5/7/2024
- Added to Site: 54 day(s) ago
Interior
- Interior Features: Storage
- Flooring: Hardwood, Laminate, Tile, Other
Parking
- Parking Features: Covered, Parking Lot
Location
- Area: Listing
- County: Alameda
- Driving Directions: Gilman exit to Solano.
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Exterior Const.: Concrete Block
- Roof: Bitumen
- Year Built: 1958
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 7405.2
- Lot Features: Regular
- Lot Description: Regular
Financial Considerations
- For Sale: Yes
- Price Per Sq. Ft.: $661
- Terms: Conventional
Disclosures and Reports
- Property ID: 65264041
Listed by NAI Northern California, Grant Chappell
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Schools
Schools serving 1494 Solano
School District:Albany City Unified
Rating | Name | Grades | Distance |
---|---|---|---|
1259 Brighton Ave, Albany, CA 94706 | 6-8 | 0.6 mi | |
603 Key Route Blvd, Albany, CA 94706 | 10-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1494 Solano
Date
Details
Price
Change
Source
5/07/2024
Price Reduced
$5,895,000
-5.68%
MLS
4/04/2024
Listed
$6,250,000
19.05%
MLS
1/07/2015
Sold
$5,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1494 Solano
Year
Property Taxes
Change
Tax Assessment
Change
2023
$113,179
1%
$5,973,045
2%
2022
$112,453
1%
$5,856,252
2%
2021
$110,900
—
$5,741,763
1%
2020
$110,471
2%
$5,683,078
2%
2019
$107,947
3%
$5,555,382
2%
2018
$105,148
3%
$5,446,494
2%
2017
$102,582
62%
$5,339,700
102%
2016
$63,461
5%
$2,638,405
2%
2015
$60,492
-5%
$2,598,788
2%
2014
$63,700
-3%
$2,547,899
—
2013
$65,478
—
$2,536,390
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1494 Solano
1494 Solano, Albany, CA 94706 (MLS# 41054832) is a Commercial Residential Facility property. 1494 Solano is currently listed for $5,895,000 and was received on April 04, 2024. Want to learn more about 1494 Solano? Do you have questions about finding other Commercial Residential Facility real estate for sale in Albany? You can browse all Albany real estate or contact a Coldwell Banker agent to request more information.