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4140 Fran Way
Richmond, CA 94803
4140 Fran Way Condominiums · Multifamily Property For Sale
·
12 Units
Investment Highlights
- Excellent Unit Composition: Featuring (10) two-bedroom/one-bath and (2) one- bedroom/one-bath condo units, providing an ideal mix for an investor.
- Condo Conversion Completed (2018): Generate immediate cash flow and appreciation, the option to sell units individually in the future
- Significant Resale Potential: The Average Sales Price in the last year for condominiums in the nearby area is $315,106 for 1 BRs & $383,200 for 2 BRs
- Modernized Living Spaces: Each unit has been updated with in-unit laundry, private balconies, and a dedicated 1-car garage.
- Well-Managed Association: A fully established HOA oversees common area maintenance.
- Condominiums may qualify for exemption from rent control under AB 1164 (Costa Hawkins)
Property Facts
| No. Units | 12 | Building Size | 9,790 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1977 |
| Building Class | C | Parking Ratio | 1.53/1,000 SF |
| Lot Size | 0.45 AC | ||
| Zoning | C-2, Richmond - Commercial District | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.45 AC |
| Building Size | 9,790 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.53/1,000 SF |
| Zoning | C-2, Richmond - Commercial District |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Washer/Dryer
- Refrigerator
- Range
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 10 | - | 850 |
Property Taxes
| Parcel Number | 425-262-001-0 | Improvements Assessment | $1,615,466 |
| Land Assessment | $579,325 | Total Assessment | $2,194,791 |
Property Taxes
Parcel Number
425-262-001-0
Land Assessment
$579,325
Improvements Assessment
$1,615,466
Total Assessment
$2,194,791
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