Residential Income - 12479 San Pablo Ave, Richmond, CA

$829,000

12479 San Pablo Ave, Richmond, CA

12479 San Pablo Ave, Richmond, CA 94805 - $829,000 · Multi-Family Home for Sale, photo 3

12479 San Pablo Ave, Richmond, CA 94805 - $829,000 · Multi-Family Home for Sale, photo 4

12479 San Pablo Ave, Richmond, CA 94805 - $829,000 · Multi-Family Home for Sale, photo 5

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Description

ONE OF TWO WELL-MAINTAINED 4-PLEXES at 12479 and 12477 San Pablo Ave, Richmond, CA 94805. This solid QuadruPlex features FOUR 1-bed/1-bath units, each ~750 sq ft (total ~3,000 sq ft), built in 1944 and CONSISTENTLY WELL-MAINTAINED and UPGRADED. Most units have been remodeled to improve desirability and to ensure reliable, low-maintenance tenancy. Priced to Sell, it offers strong returns: GROSS CAP RATE: 9%, and NET CAP RATE: 6.4%!!! HIGH-DEMAND AREA -- Located on a high-traffic corridor with EXCELLENT ACCESS to highways, transit, and amenities in a resilient Bay Area market. Ideal for cash-flow investors or 1031 exchanges. Turnkey and ready to perform. (Adjoining Lot and 4-Plex at 12477 is also available for sale).

Property details

Year built

1944

Property type

Residential Income

Lot size

5,000 sqft

Location

12479 San Pablo Ave • Richmond, CA 94805

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Listed by

John Kirkish · Flat Rate Realty

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Closed sales reported in 94805, nearest first, last 12 months. All recent sales in Richmond →