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.
Details
| MLS # | 41151035 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 8 |
| Listing Provided By | Security Pacific Real Estate | Colin Davies |
Features
| Units | 4 |
|---|---|
| Zoning | CM-3 |
| Acreage | 0.16 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Back Yard, Corner Lot |
Parking
| Parking Features | Garage |
|---|---|
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94801 |
| Community Name | CIVIC CENTER |
| Listing VS Median (in CIVIC CENTER) | |
Price: $949,000 low | high Med: $650,000 On site: 8 low | high Med: 70 | |
Market Activity 94801
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Learn More About This Property
| State | CA |
|---|---|
| County | Contra Costa |
| City | Richmond |
| Zip Code | 94801 |
| Community Name | CIVIC CENTER |
| Listing VS Median (in CIVIC CENTER) | |
Price: $949,000 low | high Med: $650,000 On site: 8 low | high Med: 70 | |
