986 Kains Ave
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | £400,345 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Net Initial Yield | 4% | Building Size | 5,697 SF |
Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
Gross Rent Multiplier | 15.47 | Number of Floors | 2 |
No. Units | 5 | Year Built | 1940 |
Property Type | Residential | Parking Ratio | 0.4/1,000 SF |
Property Subtype | Apartment |
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 |
1 of 1
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Biker's Paradise (98)
PROPERTY TAXES
Parcel Number | 065-2661-026-00 | Total Assessment | £1,482,177 |
Land Assessment | £369,966 | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £1,112,211 | Tax Year | 2024 |
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) |
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