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Listed by Colin Davies • Security Pacific Real Estate
$995,000
Est. payment /mo
10 Beds
4 Baths
4,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,488 sqft
Price per Sqft $221
MLS Listing ID CC41081437
Bedrooms 10
Year Built 1923
Lot Size 6,750 Sqft
Property Sub-Type Fourplex
Source Contra Costa Association of Realtors
Property Description
Professionally managed and fully occupied, this Bay Area investment provides immediate stability and robust cash flow. Verified 2024 financials show an annual rental income of $88,927 plus $809 in parking revenue, totaling $89,736 in gross income, and a $54,360 NOI. Transparent expenses include $14,448 in taxes and $4,117 in insurance, minimizing volatility. Projected 2025 gross scheduled income is $98,640, with a 5.87% cap rate at current performance and up to 9.06% at Fair Market Rent (FMR). The 2025 cap rate, new property tax at reassessment, and FMR are accounted for at the current list price. Located in a high-demand area known for low vacancy,-ideal for a seamless 1031 exchange or a strategic addition to your portfolio.
Location
State CA
County Contra Costa
Area Richmond - South
Interior
Cooling Other
Flooring Tile, Hardwood
Laundry In Laundry Room, Laundry Area - In Unit, Washer, Dryer
Exterior
Exterior Feature Stucco
Parking Features Detached Garage
Garage Spaces 4.0
Roof Type Composition
Building
Water Public
Others
Tax ID 540-140-019-6
Special Listing Condition Not Applicable
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