Albany 94706 · APN 67-2815-15 · Albany
Since — within ½ mile: 15 homes completed, 218 permitted, 3 proposed or in review (21 of them deed-restricted affordable).
32 projects with a record in this window, grouped by us from permits and State housing reports. Units are as proposed on each project's latest record and counted at its current stage.
No permit activity recorded within ½ mile.
$1,154,000
Benchmark range: $981,000 – $1,327,000
Public-records benchmark estimate combining Zillow Home Value Index (Data provided by Zillow), Census ACS 5-year estimates, parcel land-use/lot characteristics, and issued building permits. Not an official appraisal.
We don't have building permits for Albany, so we can't show what has been permitted nearby.
Permit counts, by the date issued (or applied, if not yet issued). Lot splits are planning cases, which we don't have.
We read public zoning and hazard maps against state law (ADUs: Gov. Code 66314; SB 9: Gov. Code 65852.21 and 66411.7). Local rules, title, tenancy history and site conditions can change the answer. Check with Albany's planning department before relying on it.
Sources: City of Oakland Planning & Building, Zoning (base zones, effective 2024-12-17) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the State Responsibility Area (effective 2024-04-01) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the Local Responsibility Area (map dated 2025-03-24) (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — flood hazard zones (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — FIRM panels (retrieved Oct 26, 2026) · California Geological Survey, Alquist-Priolo Earthquake Fault Zones (retrieved Oct 26, 2026)
Chronological history of building permit applications and issuances, snapshot-dated status changes, State housing entitlements, surrounding development within ½ mile, and area home-value trends.
In "Entitled" for 3.8 yr (since Jan 25, 2023), with no new permit record in 3.8 yr. · 1 unit
In "Entitled" for 3.6 yr (since Apr 4, 2023), with no new permit record in 3.6 yr. · 1 unit
In "Entitled" for 3.6 yr (since Apr 7, 2023), with no new permit record in 3.6 yr. · 1 unit
In "Entitled" for 3.5 yr (since May 10, 2023), with no new permit record in 3.5 yr. · 1 unit
Permit issued and active for 3.4 yr (first record May 23, 2023), with no completion or new permit record in 3.4 yr. · 1 unit
In "Entitled" for 3.2 yr (since Aug 23, 2023), with no new permit record in 3.2 yr. · 1 unit
Latest published Zillow Home Value Index (ZHVI) update
Changed from $1,163,202 in September 2025 to $1,241,732 in September 2026.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94706 (not a parcel appraisal)
121 units · 12 affordable
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
77 units · 9 affordable
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
9 units
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Annual ZIP 94706 home-value index checkpoint
Changed from $1,203,856 in September 2024 to $1,163,202 in September 2025.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94706 (not a parcel appraisal)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
1 unit
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Source: Alameda County building permits & HCD APR (grouped project within ½ mile)
Cross-referenced intelligence from our historical development graph—connecting parcels, permits, entity-resolved builders, empirical review-time distributions, and neighborhood renovation trends.
Explore full Albany development graph →Active in "Entitled" for 3.8 yr (first record Jan 25, 2023) with no new permit activity recorded in 3.8 yr.
Active in "Issued" for 21 mo (first record Jan 18, 2025) with no new permit activity recorded in 21 mo.
Active in "Issued" for 16 mo (first record Jul 7, 2025) with no new permit activity recorded in 16 mo.
Active in "Issued" for 2 yr (first record Oct 29, 2024) with no new permit activity recorded in 2 yr.
Active in "Entitled" for 15 mo (first record Jul 30, 2025) with no new permit activity recorded in 15 mo.
Active in "Entitled" for 3 yr (first record Nov 16, 2023) with no new permit activity recorded in 3 yr.
HUD Small Area Fair Market Rent · ZIP 94706
HUD FY 2026 · 40th-percentile gross rentCensus ACS 5-year median gross rent (all bedroom counts combined):
Area home-value benchmarks (not an appraisal)
ZIP & neighborhood mediansUnder California Proposition 13, the seller's historical assessed value does not carry over to a buyer. On sale, the parcel is reassessed at the purchase price: 1.00% base rate ($11,550/yr) + local voter-approved bond debt ($2,541/yr) + fixed direct levies/Mello-Roos ($450/yr).
Insurance & hazard context:
−$58,276/yr
Cash needed: $254,100
NOI: $11,807/yr
P&I: $5,840/mo
For $0/mo net cash flow
At $3,050/mo rent
| Scenario | Assumptions | Year 1 Rent | Year 1 Cash Flow | Cash-on-Cash | Break-Even Rent | Year 5 Cash Flow |
|---|---|---|---|---|---|---|
| Conservative | −8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth | $2,806/mo | −$5,207/mo | -24.6% | $10,074/mo | −$5,197/mo |
| Base (your inputs) | Your entered assumptions, 3.0%/yr rent growth | $3,050/mo | −$4,856/mo | -22.9% | $9,324/mo | −$4,674/mo |
| Optimistic (cap-limited) | +6% starting rent, 3% vacancy, 4.5%/yr rent growth (capped by AB 1482 ceiling of 8.6%/yr) | $3,233/mo | −$4,655/mo | -22.0% | $9,108/mo | −$4,276/mo |
Rental regulatory context (informational only — not legal advice):
California AB 1482 (Tenant Protection Act, Civ. Code § 1947.12) caps annual rent increases at 5% + local CPI (max 10%) on covered properties.
Entitled1 unitsJan 25, 2023 – Jan 25, 2023
We group related permits and State housing reports into projects. That grouping is our inference, not an official record.
No building permits are recorded for this parcel since 2016.
| Report year | Project / record | Type | Entitled | Permitted | Completed | Deed-restricted |
|---|---|---|---|---|---|---|
| 2022 | — | ADU · Renter | 1 (Jan 25, 2023) | — | — | — |
Source: California HCD, Housing Element Annual Progress Report — Table A2 · Geography: project (parcel) · Retrieved Oct 26, 2026 · From Albany's Housing Element Annual Progress Reports. A project can appear in several report years as it moves from entitlement to permit to completion.
Source: City of Oakland Planning & Building, Zoning (base zones, effective 2024-12-17) · Geography: zoning district polygon at parcel point · Retrieved Oct 26, 2026
0.06 acres
Assessor's classification for assessment purposes. This is not zoning.
648 CORNELL AVE
Source: Alameda County Assessor / Information Technology Department, Parcel Boundaries · Geography: parcel · Retrieved Oct 26, 2026
Look up assessed values and parcel maps by parcel number 67-2815-15. Assessed value is not market value.
Search by parcel number 67-2815-15 (Alameda County Treasurer-Tax Collector)
The official flood hazard map for this location. Our reading of it is under What could be built here.
This site does not show owner names.