605 San Pablo Ave 10 Unit Apartment Building $3,723,871 CAD ($372,387 CAD/Unit) 5.41% Cap Rate Albany, CA 94706

PROPERTY DESCRIPTION
605 San Pablo Avenue presents the opportunity to acquire a wellmaintained 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 eciency 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 ooring in the living and bedroom areas, along with updated 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, 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.
LOCATION DESCRIPTION
605 San Pablo Avenue benefits from strong walkability and excellent connectivity to El Cerrito and Berkeley. It is adjacent to El Cerrito Plaza and less than half a mile from El Cerrito BART Station,
providing direct access to regional employment hubs throughout the Bay Area. The property is also just blocks from the retail and dining corridors along Solano Avenue and El Cerrito Avenue, oering
tenants a wide range of restaurants, cafés, grocery options, and neighborhood conveniences within walking distance. Albany is recognized for its strong public schools, walkable residential streets, and proximity to the shoreline. Its location between Berkeley and El Cerrito, combined with convenient access
to BART and major thoroughfares, continues to support stable rental demand and long-term investment appeal.