Lease to Own
Address
902 Carmel Ave, Albany, CA
Price
$ 1,300,000
Property Attributes
- ID#41151863
- TypeSingle Family
- Listing Status Active
- CountyAlameda
- CityAlbany
- NeighborhoodALBANY
- Zip94706
- Style
- Year Built1923
- Price$ 1,300,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage2091
- Lot Size0.0758 Acres
Data Source:
California Regional MLS (CRMLS)
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.
| Price History | |
|---|---|
| 10/21/2026 | Listed $1,300,000 |
General Features
| Living Area | 2091 |
|---|---|
| Cooling | Central Air |
| Possession | Close Of Escrow |
| Patio/Porch Features | Deck |
| Pool Features | None |
| Year Built | 1923 |
| Levels | Multi/Split |
| Property Subtype | Single Family Residence |
| County | Alameda |
| New Construction | false |
| Property Type | Residential |
| HOA | false |
| Attached Garage | false |
| Subdivision Name | ALBANY |
| Garage Y/N | false |
| Status | Active |
| Directions | Cross Street: Solano. |
| City | Albany |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 3300 |
| Listing Terms | Cash,1031 Exchange,Lease Option |
| Standard Status | Active |
| Occupancy Type | Vacant |
| Property Sub Type Additional | Single Family Residence |
| PostalCity | ALBANY |
Interior Features
| Flooring | Carpet,Wood |
|---|---|
| Fireplace Features | Family Room |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | true |
Exterior Features
| Parking Features | Other |
|---|---|
| Lot Features | Street Level |
| Lot Size Area | 3300 |
| Lot Size Acres | 0.0758 |
| Private Pool | false |
| Lot Size Source | Public Records |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 94706
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of November 6, 2026 6:10 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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MetroList CA data last updated: November 6, 2026 5:43 PM UTC 
Bay East ©2026. CCAR ©2026. bridgeMLS ©2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at November
