334 Chesley Ave, Richmond, CA 94801

About this fourplex

Built in 2002, this fourplex has had only two owners. Each unit includes a large, private garage, one bedroom and bathroom, full kitchen and exterior deck or patio. Owner-occupy opportunity or an increase of overall rental income with a new tenant. Property has separate gas and electric meters. Owner pays water, sewage and trash. Given age and current care of property, maintenance costs and management needs are low. All rents are current and mirror market value. This is an excellent opportunity for a first-time buyer as well as an investment shift from an unpredictable stock market. Current cash flow is at a 6.7% CAP rate.

Listing description from the November 2020 sale, as reported to CRMLS.

Sale history

$840,000

Sold November 2020 · listed $695,000, on market October 2020 · MLS #40924653 · Source: CRMLS

Listing Agent: Gary Izard · Listing Office: Independent Rl Est Brokers · Contact: 510-276-7900 · Bought with: Scott Bui · Alliance Bay Realty

$500,000

Sold March 2016 · on market August 2015 · MLS #40711630 · Source: CRMLS

Listing Agent: Salvador Orozco · Listing Office: Valero Realty · Contact: 510-223-4290 · Bought with: Margarita V West · Bay Area Realty Investments

Explore Richmond