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Kevin Kieffer

kevin@eastbaypro.com +1(925) 300-8000

Listed by Security Pacific Real Estate

$ 995,000

Est. payment | -/mo

4,488 SqFt

Save

$ 995,000

Est. payment | -/mo

Save

4,488 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,488 sqft

Price per Sqft $221

Subdivision Civic Center

MLS Listing ID 41126531

HOA Y/N No

Year Built 1923

Lot Size 6,750 Sqft

Property Sub-Type Quadruplex

Source CONTRA COSTA

Property Description

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 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

Interior

Heating MultiUnits

Cooling Wall/Window Unit(s), Multi Units

Flooring Hardwood Flrs Throughout, Tile

Fireplace No

Window Features Window Coverings

Laundry In Unit

Building

Lot Description Corner Lot

Schools

School District West Contra Costa (510) -231-1100, West Contra Costa (510) -231-1100

"We would love to put our experience and successful track record to work for you. Top 1% in California" Kevin & Naomi Kieffer Compass Homes@EastBayPro.com or M. 925-300-8000"

+1(925) 300-8000

kevin@eastbaypro.com

1646 N California Blvd, Walnut Creek, CA 94596, USA

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1401 Bissell Ave Richmond, CA 94801