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$949,000
Est. payment /mo
6,751 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Civic Center
MLS Listing ID 41151035
HOA Y/N No
Year Built 1923
Lot Size 6,751 Sqft
Property Sub-Type Quadruplex
Property Description
Four-unit multifamily investment located in Richmond's Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 financial performance reflects $91,437 Gross Operating Income and $56,865 Net Operating Income, producing an approximately 6.0% cap rate at the $949,000 list price.. The property consists of four ±1,122 SF units (total building area ±4,488 SF) situated on a ±6,750 SF corner lot. Unit 1403 is vacant and features a three-bedroom/one-bathroom layout, creating an opportunity for owner-occupancy or for an investor to lease the unit at market rent. The remaining three units include a mix of two-bedroom/one-bath and a three-bedroom/one-bath layout. Per current leases, tenants are responsible for separately paying water, sewer, gas, electricity, internet, and cable/satellite. Standard trash and recycling utilities are not billed to the tenants. The property includes four garage parking spaces and is located near Richmond Civic Center, Kaiser Richmond Medical Center, and the Richmond BART/Amtrak station, providing regional access to Oakland, Berkeley, and San Francisco. The property offers existing income with upside potential through lease-up of the vacant unit and future rent growth.
Location
State CA
County Contra Costa
Zoning CM-3
Interior
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Exterior
Parking Features Garage
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Back Yard, Corner Lot
Others
Tax ID 5401400196
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
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Listed by Colin Davies Security Pacific Real Estate #01935999
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