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Listed by Thomas Garabedian Cone • Red Oak Realty • 510-292-2000
$1,300,000
Est. payment /mo
2,091 SqFt
New
902 Carmel Ave Albany, CA 94706
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 2,091 sqft
Price per Sqft $621
Subdivision Albany
MLS Listing ID 41151863
HOA Y/N No
Year Built 1923
Lot Size 3,300 Sqft
Property Sub-Type Detached
Source Bridge AOR
Property Description
902 Carmel is a lovely split-level McGregor house built in 1924. The property was originally constructed as a 5-bedroom dwelling. It was later converted from residential to commercial use as Mountain Travel, a travel agency that also had the adjoining property, which faces Solano Ave. Its most recent commercial use was as 8 separate therapy offices. It has a full bathroom on the second floor and a half bathroom on the ground floor. The current owners have recently made the following updates and improvements to the property: New roof, 2025 Refinished and installed hardwood floors, 2025 Upgraded wifi (Sonic) for commercial use, 2026 New main electrical panel, 2026 Remodeled full bathroom, 2026 The property has an office kitchenette, but the full kitchen was removed during the conversion to commercial. The owners have approval from Albany's planning department to reinstall a full kitchen, add a bathroom, and convert the property from commercial to residential use. Completing this process to receive the building permit will involve installing sprinklers in the ceilings and taking out the driveway curb cut (as the garage had been converted to an office). The owners opted to retain the property's commercial character. The property is available for sale ($1.3M) or for lease (triple net, $8k/month). Conventional residential financing would not work for this transaction. Commercial, cash, or hard money only.
Location
State CA
County Alameda
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Flooring Hardwood, Carpet
Fireplaces Number 1
Fireplaces Type Family Room
Fireplace Yes
Laundry Other
Exterior
Pool None
Private Pool false
Building
Lot Description Level
Water Public
Architectural Style MacGregor
Others
Special Listing Condition Standard
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