605 San Pablo Ave, Albany, CA 94706

605 San Pablo Avenue presents the opportunity to acquire a well-maintained 10-unit multifamily asset in Albany, one of the East Bay’s most desirable rental markets. The property features a well-balanced unit mix of (10) 1-bedroom and 1-bathroom units. Tenant amenities include onsite parking, onsite laundry facilities, and perimeter fencing, all of which contribute to consistent occupancy and strong tenant retention.

All units are individually metered for gas and electricity, providing operational efficiency and reduced owner expense exposure. The units feature functional layouts and comfortable living spaces, catering to steady rental demand in the area. 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, including a new roof and new water heaters, both installed in 2025.

605 San Pablo Avenue is currently fully occupied, offering immediate and consistent in-place cash flow. In addition, the asset provides future upside potential through continued unit turnover, mark-to-market rent adjustments, and organic rent growth through annual increases. This opportunity is well-suited for investors seeking a low-maintenance, stabilized asset in the city of Albany.