555 Pierce St 520, Albany, California 94706, Albany, 94706 - 1 bed, 2 bath
Loading property details...
Albany, California 94706
This Value-Add Condominium is listed at $360,000, offering a rare "blank canvas" opportunity in a high-demand coastal enclave. The property currently holds a Condition Rating of 5, requiring a full interior rehabilitation to reach its functional potential. While the price exceeds the $305,996 Fair Market Value, the asset's long-term value is underpinned by Panoramic Bay Views and enrollment in the 9/10 Rated Albany School District. Residents enjoy premium amenities including a pool, gym, and 24-hour security. This project is perfectly suited for Fix-and-Flip Investors or Contractors seeking to capture appreciation through significant modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 555 Pierce St 520 Subject | $360,000* List Price | 1 | 2 | 1,040 | $294 | - |
A 555 Pierce St 733d Sold | $445,000 | 2 | 2 | 1,113 | $400 | 0.0 mi |
B 555 Pierce St 1320 Active | $290,000 List Price | 1 | 2 | 1,040 | $279 | - |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is in original 1977 condition and requires a total interior rehabilitation. It is currently a 'blank canvas' with all flooring removed (leaving bare concrete), popcorn ceilings, and a kitchen that is missing appliances and drawers. The cabinetry, bathrooms, and fixtures are severely outdated and show significant wear, making the unit uninhabitable in its current state.
Middle School: Albany Middle School (9/10). High School: Albany High School (9/10).
The property boasts stunning, light-filled views of the San Francisco Bay, bridges, and city lights, which significantly enhances its market appeal and aesthetic value.
Residents enjoy a comprehensive amenity package including 24-hour security, a swimming pool, spa, gym, tennis courts, and a clubhouse, providing a high-quality lifestyle.
Marketed as a 'blank canvas,' the unit appears to be in original condition and will require a substantial investment in renovations to update the interior finishes and fixtures.
The monthly association fee of $686 is relatively high for a one-bedroom unit, which may impact the overall affordability and debt-to-income ratio for potential buyers.
Light-filled Albany condo by the water with views of the Bay and SF. A blank canvas ready for updates and customization. Includes one covered parking space in a gated garage with storage. HOA dues include cable, water and common area/building maintenance and repairs. Enjoy amenities such as 24-hour security, tennis court, gym, clubhouse, pool, spa, and on-site laundry. Convenient access to BART, Costco, major freeways, shopping and dining along San Pablo, and nearby parks. Take advantage of the plus room for guests or perhaps a home office.
No exterior & parking available.
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 25% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,040 | 1,113 | 25% |
| Lot Size | 318,666 | 318,666 | 50% |
| Price | $360.0K | $552.5K | 13% |
| Price per sq ft | $346 | $511 | 13% |
| Built year | 1977 | 1982 | 50% |
| HOA | $686.0 | $688 | 50% |
| Days on market | 7 | 138 | 13% |
Apr 15, 2026
$360,000
Initial Listing