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JLee Broker

[email protected] +1(650) 857-1000

Listed by Lisa Gordon, DRE #01310039 • Trust Properties USA, Inc

$925,000

Est. payment - /mo

3,154 SqFt

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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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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2318 Lowell AVE Richmond, CA 94804

JLee Broker

Key Details

Location

Interior

Exterior

Others

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