410 S 34th St - Apartments FOR SALE


Richmond, CA 94804- Pullman
$1,395,000 USD
510-725-4775
410 S 34th St, Richmond, CA for Sale
$1,395,000 USD
Apartments - FOR SALE
1/21
null | 6.3% Cap Rate

410 S 34th St
Richmond, CA 94804
Pullman


HIGHLIGHTS

  • Six 2bd/1bth Units of Over 800SqFt on a 7,875 SF Lot
  • Tenants Pay Water, Gas, and Electric Thereby Keeping Utility Expenses Low for Investors
  • Fresh Paint, Secured Gated Entrance, 1:1 Covered Car Port Parking Ratio, Concrete Resurfacing, and More
  • One Vacant Unit, Providing an Excellent Opportunity to Fill at Market Rate and Increase Cash Flow
  • Prime Richmond Location - Walking Distance to Cutting Blvd, Filled With Popular Restaurants, Cafes, Parks, and Schools

OVERVIEW

This six-unit apartment building was built in 1963 and consists of six 2-bedroom 1-bathroom units of over 800sqft each. The building offers 4,814 square feet of rentable space, as well as individual parking for each unit. Tenants currently cover their own water, gas, and electric reducing operating costs for potential future owners. The property has seen several upgrades, including renovations to window panes, exterior paint, and parking lot resurfacing. Additionally, one unit is currently vacant, making it an ideal opportunity for owner-occupiers or an immediate increase in cash flow by leasing the unit at market rate. Located in the charming Pullman neighborhood, this property boasts a prime location. Pullman is a walkable and vibrant neighborhood in Richmond, close to popular parks, public schools, and convenient stores. The neighborhood features gridded streets lined with colorful and eclectic early-century bungalows, each full of character. Centrally situated, this property offers convenient access to Richmond's transportation options, including the nearby 580 and 80 freeways, and public transportation. As a major city with proximity to West Coast ports, Richmond is connected to the maritime industry. The nearby Port of Richmond plays a key role in regional trade and transport. The Richmond area has significant employment related to cargo transport and related industries.

FOR SALE DETAILS

PRICE

$1,395,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

6

PRICE/UNIT

$232,500

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,884 SF

ZONING

-

APN/PARCEL ID

513-163-008-8

ASK ABOUT THIS PROPERTY

Steven PinzaPinza GroupMore Info
510-725-4775

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Steven PinzaPinza GroupMore Info
510-725-4775

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