About this home

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.

Facts and features

Schools

• Albany High School

  high · 9-12 · 0.4 mi

  10

• Albany Middle School

  middle · 6-8 · 0.6 mi

  10

• Bright Star Montessori School

  elementary · PK-K · 0.2 mi

• Marin Elementary School

  elementary · K-5 · 0.2 mi

  8

• Tilden Preparatory School

  middle · 6-12 · 0.3 mi

• Cornell Elementary School

  elementary · K-5 · 0.3 mi

  9

Price history

• Oct 21, 2026 · Listed$1,300,000
• Jun 10, 2024 · Sold$139,000
• Aug 10, 1988 · Sold$290,000

Tax history

• 2025$19,041 tax · $1,156,924 assessed
• 2024$12,104 tax · $1,134,240 assessed
• 2023$11,343 tax · $613,022 assessed
• 2022$11,005 tax · $601,004 assessed
• 2021$10,841 tax · $589,221 assessed
• 2020$10,694 tax · $583,181 assessed
• 2019$10,454 tax · $571,748 assessed
• 2018$10,185 tax · $560,539 assessed

Home value

$1,129,660

• Quantarium$1,129,660

Where it is