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986 Kains Ave

5 Unit Block of Flats £2,001,727 (£400,345/Unit) 4% Net Initial Yield Albany, CA 94706

Investment Highlights

  • Amazing Solano Hill Neighborhood- With a Walkscore of 96 and Bikescore of 98, tenants can get most everything done on foot.
  • Minutes to 880 Corridor- Literary a 20 Minute Commute to Downtown San Francisco
  • Education At Your Doorsteps- Excellent Albany Schools such as Cornell, Marin and Ocean View Elementary; Albany Middle School and MacGregor and
  • Ideal Albany Location - Conveniently located between Marin and Solano Avenues
  • Pedestrian Playground - With an Abundance of Coffeeshops, Restaurants and Grocery Stores a stone throw away, residents can get most everything on fo
  • Albany High Schools are located anywhere from 5-20 Minute Walking Distance.

Executive Summary

Bay's Elite Investments is pleased to present to the new or seasoned investors a
unique investment property in one of the best Bay Area locations. 986 Kains Ave is
nestled between Marin and Solano Avenues and surrounded with excellent Albany
schools and close to multitude of coffeeshops, restaurants and grocery stores. With
a 96 Walkscore and a 98 Bikescore one can do just about all their chores on foot or
with a quick bike ride and maintain their active lifestyle.
The property consists of a nearly 1500 sqft 4 bed and 2 bath single family home plus
www.eliteinvests.com
4 additional units composed of three 2 bed1 bath apartments and one 1 bed 1 bath
unit. The property is perfect for a first time homebuyers who are priced out of the
market due to the rising interest rates. By living in the 4 bed house and generating
income from the 4plex next door to supplement one's mortgage, a buyer could now
easily afford the home.
The property has many unique features such as wood vaneers throughout the walls
of the single family home, gorgeous beamed ceilings, a massive master bedroom
with a spa like tub, an eclectic bookshelf in the living room, gorgeous modernized
kitchen and dining area, huge living room, dazzling hardwood floors throughout, and
ample closet space in every room. On the other hand, the units in the fourplex
uniquely measure approximately 900 sqft for the 2/1s' and about 750 sqft for the
1/1. They all have refinished hardwood floors, a couple have rustic wood burning fire
places, all have been upgraded with new kitchens with dishwashers, new bathrooms
and all have spacious and open floor plans.
The 5 units were constructed in two phases with the single family being built in the
1920's and the completion of the 4plex in the 1940's. The total property square
footage is 4944 according to the public records. The properties share a 7500 sqft
parcel where the single family has it's own semi-private backyard area and the 4plex
has access to a modest size yard space in the rear. While the property has retained
much of its old world charm, it's been modernized with new kitchens and baths,
addition of dishwashers and so on. The building is surrounded with reputable Albany
schools in addition to being a stone throw away from all the shops and restaurants
that Solano Ave has to offer.

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £2,001,727
Price Per Unit £400,345
Sale Type Investment
Net Initial Yield 4%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 15.47
No. Units 5
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.17 AC
Building Size 5,697 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1940
Parking Ratio 0.4/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Refrigerator
  • Oven
  • Tub/Shower
  • Deck

Site Amenities

  • Gas Range
  • Laundry Service
  • Smoke Free
  • Bicycle Storage

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1 3 £1,989 900
1+1 1 £1,620 750
4+2 1 £3,195 1,494
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
065-2661-026-00
Land Assessment
£369,966
Improvements Assessment
£1,112,211
Total Assessment
£1,482,177
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024

zoning

Zoning Code R-3 (Apartments)
R-3 (Apartments)
  • Listing ID: 32907618

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: 986 Kains Ave, Albany, CA 94706

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