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Listed by Lisa Gordon, DRE #01310039 • Trust Properties USA, Inc
$ 925,000
Est. payment | /mo
3,154 SqFt
$ 925,000
Est. payment | /mo
3,154 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,154 sqft
Price per Sqft $293
MLS Listing ID BE41143142
Year Built 1961
Lot Size 5,000 Sqft
Property Sub-Type Fourplex
Source Bay East
Property Description
Exceptional investment opportunity in the heart of Richmond! This well-maintained fourplex features four spacious 2-bedroom, 1-bath units totaling approximately 3,154 square feet, offering immediate income with significant long-term upside. Two units are subject to rent control, while the two upper units are exempt, providing flexibility for future rental growth or owner occupancy. The upper units have been recently refreshed with new interior paint, and the exterior has been freshly painted, allowing the next owner to focus on maximizing returns rather than tackling major renovations. The property is individually metered for PG&E (tenant-paid utilities) and includes a new coin-operated washer and dryer, additional rear storage, and covered parking-desirable amenities that enhance tenant appeal and retention. This property offers excellent value-add potential, making it an attractive opportunity for investors seeking long-term appreciation and increased cash flow, as well as owner-occupants looking to offset their mortgage with rental income. Conveniently located near Highways 80 and 580, shopping, dining, public transportation, and everyday conveniences, this property benefits from strong commuter demand and a highly desirable rental location
Location
State CA
County Contra Costa
Area Richmond - North & East
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate, Tile
Laundry In Laundry Room, Coin Operated
Exterior
Exterior Feature Other, Stucco, Siding - Wood
Garage Spaces 4.0
Roof Type Other
Others
Tax ID 527-190-005-1
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