$1,111,000
●
House -
Off Market
408 Cornell Avenue
Albany, CA 94706
2 Beds
1 Bath
910 Ft²
$3,919
Est. Monthly
About This Property
Located in Albany with an exceptional Walk Score of 95, 408 Cornell
Avenue is a 1939 Spanish Mediterranean MacGregor home blending
timeless character with everyday convenience. Built by renowned
developer Charles MacGregor, this iconic home is cherished for it's
distinctive architecture, original hardwood floors, charming
split-level design, and signature entryway featuring original tile
details. This inviting residence offers one bedroom and one
bathroom on the main level, plus an additional split-level bedroom,
creating living space filled with warmth and character. The front
yard is accented by two beautiful and mature purple Jacaranda
trees, that creates not only a gorgeous view from the living room
window but privacy and shade. Set on a generous 4,200 square foot
lot with a wide side setback, the property offers exciting
possibilities for an ADU or future expansion. Additional features
include an attached one-car garage, off-street parking, and close
proximity to Solano Avenue, El Cerrito Plaza, BART, parks,
shopping, freeways, and highly rated Albany schools.
Unit Size
910 Ft²
Days on Market
27 days
Land Size
0.10 acres
Price per sqft
$877
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (bridgeMLS/CCAR/Bay East AOR #41136070)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| May 27, 2026 | Listed by The Agency | $798,000 | |
| Listed by The Agency | |||
Property Highlights
Garage
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Albany
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Listed by: Mark Choi, The Agency
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 41136070
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 41136070
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