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1405 Merced St 6 Unit Apartment Building $1,850,000 ($308,333/Unit) 5.80% Cap Rate Richmond, CA 94804
Executive Summary
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.
8. 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. 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.
8. 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
Property Facts
| Price | $1,850,000 | Building Class | C |
| Price Per Unit | $308,333 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 4,265 SF |
| Cap Rate | 5.80% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3, Richmond | ||
| Price | $1,850,000 |
| Price Per Unit | $308,333 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,265 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3, Richmond |
Amenities
Unit Amenities
- Balcony
- Storage Space
- Hardwood Floors
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Smoke Free
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Property Taxes
| Parcel Number | 508-131-009-5 | Improvements Assessment | $686,664 |
| Land Assessment | $1,040,400 | Total Assessment | $1,727,064 |
Property Taxes
Parcel Number
508-131-009-5
Land Assessment
$1,040,400
Improvements Assessment
$686,664
Total Assessment
$1,727,064
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Ping An Property LLC
1405 Merced St
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