
Albany, California 94706
This High-Potential Investment Opportunity is listed at a List Price of $499,000, positioned well above the $408,195 Fair Market Value. While the property requires a full rehab to address its Condition Rating of 5, it offers a versatile dual-suite layout in a premier location. Zoned for Top-Rated Schools (Albany Middle and High, both 9/10), the unit provides long-term stability. With access to a community swimming pool and proximity to BART, this is an ideal project for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 545 Pierce St 2307 Subject | $499,000* List Price | 2 | 2 | 1,234 | $331 | - |
A 555 Pierce St 733d Sold | $445,000 | 2 | 2 | 1,113 | $400 | 0.1 mi |
B 535 Pierce St 3301 Active | $586,000 List Price | 2 | 2 | 1,170 | $501 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986 (38 years old) with no evidence of recent renovations. The kitchen and bathrooms are original, featuring dated tile countertops, oak cabinetry, and older appliances. The presence of popcorn ceilings and original finishes indicates the property needs a full rehab to meet modern standards.
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
The property is zoned for highly-regarded Albany schools, including Albany Middle and High School (both rated 9/10), which significantly bolsters long-term property value and desirability.
Spanning 1,234 sq ft, the floor plan includes two spacious en-suite bedrooms and a dedicated bonus area, offering rare flexibility for home offices or roommate configurations.
The $950 monthly association fee is substantial and may impact a buyer's debt-to-income ratio and overall monthly affordability.
Built in 1986, the unit and complex may lack the contemporary finishes and energy-efficient features found in newer luxury condominium developments.
Tucked toward the rear of the complex along Albany’s Pierce Street corridor, this spacious 2BD/2BA condo offers comfort, functionality, and an exceptional opportunity to put down roots in one of the East Bay’s most sought-after communities. Spanning approximately 1,234 sq ft*, the thoughtfully designed layout features two generously sized bedrooms, each with its own en-suite bathroom and large closet storage, creating flexibility for guests, roommates, or work-from-home living. A bonus area provides ideal space for a home office, reading nook, or creative retreat. The open kitchen flows easily into the main living and dining areas, while in-unit laundry, abundant storage including a deeded storage space, 2 gated garage parking, elevator access, and a community swimming pool add everyday convenience. Well-positioned near Albany’s highly regarded schools, local parks, Solano Avenue shopping and dining, El Cerrito Plaza, BART, and commuter routes, this home combines easy living with access to the best of the surrounding community. In a market where single-family homes in Albany can feel increasingly out of reach, this is an exciting opportunity to enjoy the lifestyle, amenities, and location that make Albany so beloved.
No exterior & parking available.
Grades 6-8 • 0.6 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,234 | 1,170 | 67% |
| Lot Size | 269,200 | 137,100 | 50% |
| Price | $499.0K | $605.0K | 17% |
| Price per sq ft | $404 | $517 | 17% |
| Built year | 1986 | 1986 | 50% |
| HOA | $950.0 | $689 | 67% |
| Days on market | 29 | 129 | 17% |
May 8, 2026
$499,000
Initial Listing
Mar 13, 2013
$350,000
Public Record