12479 San Pablo Ave - Apartments FOR SALE


Richmond, CA 94805- North & East
$1,990,000 USD
510-890-8028
12479 San Pablo Ave, Richmond, CA for Sale
$1,990,000 USD
Apartments - FOR SALE
1/16
null | 4.87% Cap Rate

12479 San Pablo Ave
Richmond, CA 94805
North & East


OVERVIEW

Investment Opportunity: Two Well-Maintained 4-Plexes at 12477 & 12479 San Pablo Ave, Richmond, CA 94805. These solid quadruplexes each feature 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. Individually Priced at $995,000 -- Can be sold individually or together -- Both offer strong returns: - Gross Cap Rate: 7.44%, and - Net Cap Rate: 4.82%. 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. Contact for rent roll, expenses, and showing.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

8

PRICE/UNIT

$248,750

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1944

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R1C2, Richmond

APN/PARCEL ID

518-050-004-2

ASK ABOUT THIS PROPERTY

John KirkishFlat Rate RealtyMore Info
510-890-8028

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John KirkishFlat Rate RealtyMore Info
510-890-8028

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.