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.
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
What's special
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