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1405 Merced St 4,265 SF Flex Condo Unit Offered at $1,850,000 in Richmond, CA 94804
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Third Party Reports
- Title and Insurance
PROPERTY FACTS
| Total Building Size | 4,265 SF | Typical Floor Size | 2,132 SF |
| Property Type | Multifamily (Condo) | Year Built | 1961 |
| Property Subtype | Apartment | Lot Size | 0.19 AC |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Floors | 2 | ||
| Zoning | R3, Richmond | ||
| Total Building Size | 4,265 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,132 SF |
| Year Built | 1961 |
| Lot Size | 0.19 AC |
| Parking Ratio | 1/1,000 SF |
| Zoning | R3, Richmond |
AMENITIES
UNIT AMENITIES
- Balcony
- Storage Space
- Hardwood Floors
- Refrigerator
SITE AMENITIES
- Laundry Facilities
1 UNIT AVAILABLE
Unit 6
| Unit Size | 4,265 SF | Sale Type | Owner User |
| Price | $1,850,000 | No. Parking Spaces | 6 |
| Price Per SF | $433.76 | APN/Parcel ID | 508-131-009-5 |
| Condo Use | Flex |
| Unit Size | 4,265 SF |
| Price | $1,850,000 |
| Price Per SF | $433.76 |
| Condo Use | Flex |
| Sale Type | Owner User |
| No. Parking Spaces | 6 |
| APN/Parcel ID | 508-131-009-5 |
DESCRIPTION
1. A 6-unit independent apartment located in Richmond, CA has been listed. It is adjacent to Highway 80 and close to the downtown area of EI Cerrito. It is only a 4-minute drive from Costco and 99 Ranch Market.
2. The building area is 4,265 square feet, and the total land area is 8,426 square feet. The unit price is only $308,000, and the price per square foot is $433.
3. Richmond is a city in western Contra Costa County, California, United States. The city was incorporated on August 3, 1905.
4. The tenants are stable, having been in residence for over 10 years. The occupancy rate is 100%. The cost expenditures are controllable, with a Cap rate of 5.8%.
5. Smoke-free apartment, quiet and safe, suitable for living.
6. The roof was renovated in 2018. Some of the hot water boilers were replaced in 2025. The Compliance Certificate for Private Sewer Lateral was obtained in 2023, valid for 20 years.
7. Buyers who are suitable for management by themselves, generate higher returns than investing in other assets.
SALE NOTES
1. The owner listed the property themselves. Only serious buyers are allowed. Both the buyer and the seller will bear the transaction taxes as per the government regulations.
2. If you wish to visit, please make an appointment in advance.
+18 More
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UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | $2,000 | 700 |
Presented by
Ping An Property LLC
1405 Merced St
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