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12479 San Pablo Ave 8 Unit Apartment Building $1,990,000 ($248,750/Unit) 4.87% Cap Rate Richmond, CA 94805
Executive Summary
Investment Opportunity:
Two Well-Maintained 4-Plexes at 12477 & 12479 San Pablo Ave, Richmond, CA 94805.
These solid quadruplexes each feature 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.
Individually Priced at $995,000 -- Can be sold individually or together -- Both offer 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.
Two Well-Maintained 4-Plexes at 12477 & 12479 San Pablo Ave, Richmond, CA 94805.
These solid quadruplexes each feature 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.
Individually Priced at $995,000 -- Can be sold individually or together -- Both offer 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.
Property Facts
| Price | $1,990,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 4.87% | Building Size | 6,068 SF |
| Gross Rent Multiplier | 13.44 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1944/2026 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R1C2, Richmond | ||
| Price | $1,990,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 4.87% |
| Gross Rent Multiplier | 13.44 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 6,068 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1944/2026 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R1C2, Richmond |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 518-050-004-2 | Improvements Assessment | $234,581 |
| Land Assessment | $98,509 | Total Assessment | $333,090 |
Property Taxes
Parcel Number
518-050-004-2
Land Assessment
$98,509
Improvements Assessment
$234,581
Total Assessment
$333,090
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Flat Rate Realty
12479 San Pablo Ave
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