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Off market
  • $2,485,235

    408 Stannage Ave, Albany, CA 94706

    10beds
    5baths
    3,238sqft
    Apt Complex
    Built in 1962
    -- sqft lot
    $-- Zestimate®
    $768/sqft
    $2,692 Estimated rent

    Owner options

    List your home for rent

    $2,692/mo

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    $2,692/mo

    Rent Zestimate®

    Refinance and save

    $15,782/mo

    Est. payment

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    $15,782/mo

    Est. payment

    What's special

    The 408 Stannage Avenue property is a 1962 vintage, well maintained and professionally managed asset. The building is 5508 SF on a 5,000 SF parcel. It consists of 8 two bedroom, one bath units on two levels over parking.The upper units have skylights and four units include balconies. PG&E is separately metered. Each unit has a garage parking space and storage locker. The roof is reflective rolled comp. Landscaping is sprinklered. The building is wood frame and stucco. The leased coin operated laundry provides one washer and one dryer. The 408 Stannage Avenue address is a desirable Albany location. The property is on a quiet street with no thru traffic, yet offers immediate access to El Cerrito Plaza and the El Cerrito BART station. I-80 freeway access is excellent via Central Avenue.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 5
    Heating
    • Wall, Gas
    Cooling
    • None
    Appliances
    • Included: Dryer, Range / Oven, Refrigerator, Washer
    • Laundry: Common Area, In Garage, Coin Operated, Laundry Equip - Leased
    Features
    • Updated Baths, Updated Kitchen, Extra Storage, Wired For Cable TV
    • Flooring: Carpet, Linoleum / Vinyl
    Interior area
    • Total interior livable area: 3,238 sqft

    Property

    Parking
    • Total spaces: 8
    Features
    • Patio & porch: Deck, Balcony/Patio
    • Exterior features: Stucco
    Lot
    • Size: 5,000 sqft
    • Features: Regular
    Details
    • Parcel number: 6728284

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apt Complex
    Materials
    • Roof: Composition
    Condition
    • Year built: 1962

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Albany

    HOA & financial

    Other financial information
    • Total actual rent: 9618

    Other

    Other facts
    • Sewer: Public Sewer
    • WaterSource: Public
    • Appliances: Refrigerator, Dryer, Washer, Gas Water Heater, Oven Range Free Standing
    • GarageYN: true
    • Heating: Gas, Wall Furnace
    • HeatingYN: true
    • PatioAndPorchFeatures: Deck, Balcony/Patio
    • TenantPays: Cable TV, Electricity, Gas
    • ConstructionMaterials: Stucco
    • NumberOfUnitsTotal: 8
    • OperatingExpenseIncludes: Manager, Utilities, Insurance, Trash, Gas, Water, Electric, Vacancy Allowance, Maintenance/Repair, Property Tax/Assessments, License/Ads
    • MaintenanceExpense: 6000
    • LaundryFeatures: Common Area, In Garage, Coin Operated, Laundry Equip - Leased
    • ParkingFeatures: Garage
    • Flooring: Linoleum, Partial Carpeting
    • ExteriorFeatures: Lawn Sprinkler
    • LotFeatures: Regular
    • InteriorFeatures: Updated Baths, Updated Kitchen, Extra Storage, Wired For Cable TV
    • Roof: Rolled Composition
    • CapRate: 3.7%
    • MlsStatus: Active
    • PropertySubType: Apt Complex
    • ListPriceLow: 2500000
    • GrossIncome: 179496
    • GrossScheduledIncome: 179496
    • InsuranceExpense: 3735
    • NetOperatingIncome: 93318
    • OperatingExpense: 84383
    • ProfessionalManagementExpense: 8885
    • TaxAnnualAmount: 47787
    • TotalActualRent: 9618
    • VacancyAllowance: 1795