Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    605 San Pablo Ave Albany, CA 94706

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Well-maintained 10-unit apartment building in a desirable location.

    Property size:
    4,320 SF
    Lot size:
    4,993.00 Acres

    Property Features for 605 San Pablo Ave

    General Information

    Standard status
    Active
    Size
    4,320 SF
    Lot size
    4,993.00 Acres

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Monjid Aldiyyat
    Source: Crexi

    Listing Agency: Berkshire Hathaway HomeServices Drysdale Properties Oakland Listing Agent: Monjid Aldiyyat

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Albany Multifamily Investment Opportunity

    The property at 605 San Pablo Avenue is a 10-unit multifamily asset located in Albany. The unit mix consists of ten 1-bedroom and 1-bathroom units. Tenant amenities include on-site parking, on-site laundry facilities, and perimeter fencing. All units are individually metered for gas and electricity. The units feature functional layouts and living spaces. A majority of the units have been fully renovated with hardwood flooring in the living and bedroom areas, along with updated linoleum flooring and refreshed countertops in the kitchens. Additional capital improvements include a new roof and new water heaters, both installed in 2025. The property is currently fully occupied. This asset is suitable for investors seeking a stabilized asset in Albany. The property size is 4320 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albany
    County
    Alameda
    State
    California
    Longitude
    -122.3000321
    Latitude
    37.8948787

    Nearby Similar for Sale

    • $3,995,000
      18,423 SF

      Albany Multi-Tenant Office Building

      Large office building near Solano Avenue with income upside.
      828 San Pablo Ave, Albany, CA 94706
      View Details
    • Contact for pricing
      2,742 SF

      Albany Retail Condominium Opportunity

      Retail condominiums in a vibrant commercial hub with parking.
      727 San Pablo Ave, Albany, CA 94706
      View Details
    • $2,100,000
      1,134 SF

      Albany Development Opportunity Near BART

      Prime 40-unit residential development opportunity in Albany's business district.
      545 San Pablo Ave, Albany, CA 94706
      View Details
    • Contact for pricing
      4,944 SF

      Albany Income Property Near Solano

      Income property with a main house and a fourplex.
      986 Kains Ave, Albany, CA 94705
      View Details
    • $800,000
      0.09 Acres

      Prime Albany Commercial Building

      High-visibility San Pablo Ave location.
      928 San Pablo Ave, Albany, CA 94706
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 10-unit apartment building in a desirable location.
    Where is this apartment building located?
    The property is located at 605 San Pablo Ave Albany, CA.
    What are key features of this property?
    This property features: - Fully occupied 10-unit multifamily asset providing immediate and consistent in-place cash flow.; - Located in Albany, one of the East Bay’s most desirable rental markets.; - Majority of units fully renovated with hardwood flooring, updated linoleum, and refreshed countertops.
    Request Owner's contact information
    605 San Pablo Ave Albany, CA 94706
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    605 San Pablo Ave
    Albany, CA 94706
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    605 San Pablo Ave Albany, CA 94706
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Monjid Aldiyyat
    Real Estate License ID: 01973084
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!