1405 Merced St - Apartments FOR SALE


Richmond, CA 94804- Panhandle Annex
$1,850,000 USD
510-294-8997
1405 Merced St, Richmond, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/17
null | 5.8% Cap Rate

1405 Merced St
Richmond, CA 94804
Panhandle Annex


OVERVIEW

1. A 6-unit independent apartment located in Richmond, CA has been listed. It is adjacent to Highway 80 and close to the downtown area of EI Cerrito. It is only a 4-minute drive from Costco and 99 Ranch Market. 2. The building area is 4,265 square feet, and the total land area is 8,426 square feet. The unit price is only $308,000, and the price per square foot is $433. 3. Richmond is a city in western Contra Costa County, California, United States. The city was incorporated on August 3, 1905. 4. The tenants are stable, having been in residence for over 10 years. The occupancy rate is 100%. The cost expenditures are controllable, with a Cap rate of 5.8%. 5. Smoke-free apartment, quiet and safe, suitable for living. 6. The roof was renovated in 2018. Some of the hot water boilers were replaced in 2025. The Compliance Certificate for Private Sewer Lateral was obtained in 2023, valid for 20 years. 7. Buyers who are suitable for management by themselves, generate higher returns than investing in other assets. 8. The owner listed the property themselves. Only serious buyers are allowed. Both the buyer and the seller will bear the transaction taxes as per the government regulations

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

6

PRICE/UNIT

$308,333

CAP RATE

5.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,524 SF

ZONING

R3, Richmond

APN/PARCEL ID

508-131-009-5

ASK ABOUT THIS PROPERTY

Xin ChengPing An Property LLCMore Info
510-294-8997

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Xin ChengPing An Property LLCMore Info
510-294-8997

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