506 McLaughlin St - Apartments FOR SALE


Richmond, CA 94805- East Richmond
$1,200,000 USD
415-634-9634
506 McLaughlin St, Richmond, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/8
null | 5.24% Cap Rate

506 McLaughlin St
Richmond, CA 94805
East Richmond


HIGHLIGHTS

  • Four-unit apartment building with a consistent two-bedroom unit mix.
  • Located within an established Richmond residential neighborhood.
  • Positioned within the East Bay with connectivity to major employment centers.

OVERVIEW

506 McLaughlin Street presents a rare opportunity to acquire a well-maintained four-unit apartment building in Richmond, CA, consisting of (4) two-bedroom, one-bathroom residences. Built in 1950, the property sits on a 5,000 square-foot lot and features (3) three private garages, offering tenants or an owner-user valuable parking and storage that is difficult to find in comparable multifamily offerings. Ideally situated on the border of El Cerrito, the property offers excellent access to I-80 and nearby BART stations, along with convenient proximity to Home Depot, Target, and everyday retail. The location is also close to the Berkeley Country Club, adding to the desirability of the surrounding residential area. The investment appeal of this asset is anchored by Richmond's consistently strong renter demand and the property's outstanding regional connectivity — with direct freeway and BART access providing tenants a quick commute to Berkeley, Oakland, San Francisco, and the broader Bay Area job market. This combination of steady rental fundamentals and unmatched accessibility positions 506 McLaughlin Street as an excellent investment opportunity for an owner seeking a stable, income- producing multifamily asset.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

5.24%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

MR

APN/PARCEL ID

519-210-013-8

ASK ABOUT THIS PROPERTY

Gabriel ManzanaresCompass CommercialMore Info
415-634-9634

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

Gabriel ManzanaresCompass CommercialMore Info
415-634-9634

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