Four-unit multifamily investment located in Richmond’s Civic Center district near major regional transit including Richmond BART and Amtrak. Verified 2025 operating performance shows $91,437 in Gross Operating Income and $56,865 in Net Operating Income, reflecting a 5.7% cap rate at the $995,000 list price. The property consists of four ±1,122… Read More 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. Read Less
Property listed by Security Pacific Real Estate, Colin Davies 310-259-7556
Listing Snapshot
Days Online
14
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1923
MLS Number
41126531
Additional Details
Building
Built in 1923, Construction Materials: Stucco
Cooling
WallWindowUnits
Disclosures
RentControl
Expenses
Insurance: $5,914, Operating: $34,572, Other Expense: $417
Floors
Tile, Wood
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $96,303, Net Operating Income: $56,865
Lot
0.155 acres, BackYard, CornerLot, Garden, Yard
Parking
4 total parking spaces, Garage
Roof
Shingle
Taxes
Parcel Number: 5401400196
Tenant Pays
Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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