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Executive Summary

Investment Opportunity: Well-Maintained 4-Plex at 12477 San Pablo Ave, Richmond, CA 94805.
This solid quadruplex features 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.
Priced at $995,000, it offers 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.
(Please note that neighboring lot and 4-Plex at 12479 is also available for sale).

Property Facts

Price $995,000
Price Per Unit $248,750
Sale Type Investment
Cap Rate 4.82%
Gross Rent Multiplier 13.44
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class C
Lot Size 0.11 AC
Building Size 3,034 SF
No. Stories 2
Year Built/Renovated 1944/2026
Parking Ratio 1.32/1,000 SF
Zoning C2

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - 750
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
518-050-005-9
Land Assessment
$125,599
Improvements Assessment
$232,365
Total Assessment
$357,964
  • Listing ID: 39961533

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 12477 San Pablo Ave, Richmond, CA 94805

Contact the Sale Advisor

12477 San Pablo Ave

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