This Multifamily Property is no longer advertised on LoopNet.com.

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
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

Property Taxes

Parcel Number
425-262-001-0
Land Assessment
$579,325
Improvements Assessment
$1,615,466
Total Assessment
$2,194,791
  • Listing ID: 33467282

  • Date on Market: 10/9/2024

  • Last Updated:

  • Address: 4140 Fran Way, Richmond, CA 94803

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