720 Stannage Ave

The Pinza Group, Inc. is pleased to present 720 Stannage Avenue, a well-positioned triplex located in Albany, CA. The building is comprised of one 3bd/2.5bth, one 2bd/1.5bth, and one 2bd/1bth unit, totaling 2,848 SF of rentable space. The structure is set just a couple blocks from various attractions along San Pablo Avenue, boasting in-unit laundry and a 2:1 off-street parking ratio including three (3) covered one-car garages. The property currently has one vacant unit, with the other two occupied by reliable tenants who cover their own gas and electricity expenses. In addition, future ownership maintains the option to implement a RUBS program, allowing additional utility pass-throughs to further reduce operating expenses. Current rents have ample room to grow, providing a substantial opportunity for rental upside via annual adjustments, tenant turnover, and capital improvements.
720 Stannage Avenue is situated in a prime location, considered a Walker’s Paradise with easy access to an array of parks, schools, restaurants, and public transportation options. Situated on the eastern shoreline of the San Francisco Bay, next to the Golden Gate Bridge, Albany is ranked among the best places to live in California. Centrally located in a major metropolitan area, Albany manages to maintain a sense of small-town ambiance, which is accentuated by its charming commercial corridor along Solano Avenue with quaint local shops and some of the Bay area’s best eateries. Neighboring communities like Berkeley, El Cerrito, Kensington, and Richmond offer plenty of amenities and recreational opportunities as well. Convenience to public transportation and major freeways makes getting around from Albany simple.
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