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12477 San Pablo Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 4.82% Cap Rate Richmond, CA 94805



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).
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 | Apartment Style | Mid-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.82% | Building Size | 3,034 SF |
| Gross Rent Multiplier | 13.44 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1944/2026 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | C2 | ||
| 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 |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 518-050-005-9 | Improvements Assessment | $232,365 |
| Land Assessment | $125,599 | Total Assessment | $357,964 |
Property Taxes
Parcel Number
518-050-005-9
Land Assessment
$125,599
Improvements Assessment
$232,365
Total Assessment
$357,964
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12477 San Pablo Ave
